Elon Musk just together with other financial experts is suggesting that universal basic income (UBI) may be the solution to the looming problem of future unemployment due to automation of jobs as a result of artificial intelligence (AI).
What is UBI?
A basic income (also called basic income guarantee, Citizen’s Income, unconditional basic income, universal basic income (UBI), or universal form of social security in which all citizens or residents of a country regularly receive a regular, unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere.
Elon Musk had […]
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