Universal Basic Income? Fear of AI Fuels a New Argument for Socialism

Universal Basic Income? Fear of AI Fuels a New Argument for Socialism

If new technology led to mass permanent unemployment, history would be an endless saga of expanding joblessness.

With Alexandria Ocasio-Cortez and other Democratic candidates for president floating wilder trial balloons than a psychedelic circus, I’m surprised they have not (yet) picked up on the universal basic income (UBI). The UBI (guaranteed income for employable people who choose not to work) is far and away the favorite “solution” among those strong AI enthusiasts who expect machines to replace human work. They expect vast swaths of the country to be out of work for good.

So far, the only candidate plugging UBI […]

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