Cash alone isn’t a panacea for helping all low-income families. Facebook’s Mark Zuckerberg along with other captains of Silicon Valley industry have called for a guaranteed basic income to help families once robots and artificial intelligence start throwing scores of workers out of their jobs. Those more familiar with history might advise avoiding such doom and gloom predictions: undoubtedly, technology will displace some jobs, but innovation has always ultimately led to more jobs, not fewer. The bigger problem is trying to shift laid off workers into new occupations rather than leaving them idle and living off a minimum government […]
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