GERMANY: Remarks by CEO of Europe’s largest engineering company spark interest in UBI

GERMANY: Remarks by CEO of Europe’s largest engineering company spark interest in UBI

On November 20, Süddeutsche Zeitung reported that Joe Kaeser, CEO of the multibillion-dollar engineering company Siemens AG, has demanded a basic income.

According to the news report, Kaeser, speaking at the Süddeutsche Zeitung Economic Summit in Berlin, said that a basic income would eventually be necessary to protect workers who become displaced due to artificial intelligence and automation. Subsequently, many readers credited Kaeser with support for unconditional basic income (bedingungsloses Grundeinkommen), as endorsed by BIEN .

In later remarks, however, Kaeser clarified that he does not demand an unconditional basic income–as the Siemens Press Office tweeted on November 22: Source: […]

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