Ray Kurzweil: Universal Basic Income will arrive in the 2030s

Ray Kurzweil: Universal Basic Income will arrive in the 2030s

Ray Kurzweil (Photo: Bill Wadman) Technology pioneer Ray Kurzweil predicted Friday that universal basic income, a controversial notion today, will be common throughout the developed world by the early 2030s and globally by the end of that decade.

Why it matters: With the combination of automation and artificial intelligence, there has been widespread concern over how society will deal with widespread job disruption.

Speaking at the TED conference in Vancouver, Kurzweil said that people will actually have more than their fundamental needs met through universal basic income."You will be able to live very well on that," he said.Interestingly enough, that’s […]

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