As the scale of the potential job losses arising from the artificial intelligence and robotics revolution becomes clearer, a chorus of otherwise disconnected billionaires, trade unionists and others are calling for universal basic income . Recognising the threat posed by these dislocations is welcome and timely, but seeking solace in UBI is a bad idea.
At least one in three jobs is vulnerable to AI and robotics, with routine and repetitive tasks in manufacturing, administration and call centres most easily substituted. Research at the Oxford Martin School estimates that over the next 20 years up to 47 per cent of […]
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