Economists predict robotic automation and advances in artificial intelligence could lead to widespread job loss in the coming decades, but billionaire investor Mark Cuban doesn’t think universal basic income (UBI) is the solution.
The Dallas Mavericks owner tweeted on February 20 that basic income is “one of the worst possible responses” to the threat of worker displacement.
UBI is a system of income distribution in which everyone receives a set amount of money, on a regular basis, just for being alive. People can use the money however they want, but the overall goal is to boost people’s well-being and reduce poverty […]
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