The rate of technological advance in automation is likely to cause businesses to jettison huge numbers of jobs in the near future. Robots are getting programmed to flip burgers, drive cars and trucks and act as self-serve cashiers. The McKinsey Global Institute predicts that as many as one-third of U.S. workers could be displaced by automation by 2030.
McKinsey suggests one solution to assist workers that lose their jobs due to automation is to provides a wage supplement or replacement, universal basic income (UBI).
UBI likely could take many variations. It could be a wage supplement for low income workers. It […]
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