India: Muhammad Yunus says it’s time to introduce basic income

India: Muhammad Yunus says it’s time to introduce basic income

Muhammad Yunus. Picture credit to: Yunus negócios sociais (Brazil)

Muhammad Yunus , the 2006 Economy Nobel Prize laureate and founder of the Grameen Bank , is very concerned about artificial intelligence (AI). His fear revolves around the prospects of generalized unemployment, as machines replace most of traditionally human tasks.

Yunus also, like a few other economists , including Nobel Prize winners , has reached the conclusion that one of the downsides of AI is the devaluation of the human being, in relation to machines. This, he argues, will take away the ability of many people, even more than today, to […]

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