Tech CEOs back call for basic income as AI job losses threaten industry backlash

Tech CEOs back call for basic income as AI job losses threaten industry backlash

It’s 2067 and robots have wiped out millions of jobs, AI is rampant, and unemployment is on the rise. Technology companies and CEOs have become public enemy number one.

This portrayal of the future is one tech executives are keen to avoid and has driven a growing chorus to support the idea of a universal basic income (UBI).

"There is going to be backlash when it comes to jobs," Sayantan Ghosal, an economics professor at the University of Glasgow who has written about UBI, told CNBC by phone.U.S. technology firms have been investing heavily in research and development of AI. Tesla […]

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