Universal concept of basic income pushed by Tech giants Sam Altman and Elon Musk

With the imminent robot revolution which is expected to leave the trail of unemployment in their wake, few tech leaders of Silicon Valley think they have a suitable remedy to the future with lesser jobs — free money which could be earned for all.

It’s known as universal basic income, the radical perception which is picking up the steam as a perfect way to offer all Americans with the smallest level of financial security. Here the idea is quite controversial and expensive — it ensures cash for every person, irrespective of the income level or irrespective of the employment status.

Altman […]

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