As artificial intelligence (AI) revolutionizes industries, bringing about an era of unprecedented change, it’s becoming clear that our economic systems may need to evolve to keep pace. Stephen Poloz, the former Governor of the Bank of Canada, has intimated that as AI and automation disrupt the job market, society might have to consider new forms of financial safety nets, such as universal basic income (UBI), to mitigate the potential shocks to the economy and the workforce.
Poloz, an influential figure in Canadian monetary policy, recently shared his perspective that the onset of the AI-driven industrial revolution—a transition as significant as […]
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