Understanding Robots, Job Security, and Universal Basic Income

In November, Elon Musk discussed supporting universal basic income to aid in the eventual day when robots replace human workers.

“I think we’ll end up doing universal basic income,” he said at the World Government Summit in Dubai. “It’s going to be necessary.”

The Tesla CEO isn’t the only famous face to support the idea of a universal basic income. Y Combinator President Sam Altman and eBay’s Pirre Omidyar also put their support behind a paycheck to help those losing jobs at the hands of automation.“You cross the threshold of job replacement of certain activities all sort of at once. […]

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