Universal basic income has been mooted as a solution to joblessness. But it is simplistic in view of socio-economic challenges
The immanence of Industry 4.0, a new economic paradigm, in which machines with artificial intelligence will be able to do almost everything that humans can, is ringing alarm-bells. Socialists are concerned about how human beings will support themselves if they do not have jobs. Capitalists are equally concerned about who will buy all the stuff and services their machines will produce if people do not have adequate incomes.
The concept of a Universal Basic Income (UBI) provided to everyone, […]
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