There have been many books and opinion pieces written about the impact of AI on jobs and ideas for societal responses to address the issues. Two ideas were mentioned in the chapter â UBI and SIS. What are the pros and cons of these ideas? How would these be implemented?
UBI vs. SIS: Navigating the AI Job Landscape
With AI rapidly transforming the job market, anxieties abound. The chapter you mentioned explores two prominent societal responses: Universal Basic Income (UBI) and the Sharing Economy/Social Safety Net (SIS). Let’s delve into their pros and cons and potential implementation strategies.
UBI: A Guaranteed Safety Net
- Reduces poverty and inequality:Â An unconditional cash payment to all citizens,Â regardless of employment status,Â could eradicate poverty and level the economic playing field.
- Empowers individuals:Â UBI provides freedom to pursue education,Â creative endeavors,Â or caregiving,Â fostering personal growth and societal well-being.
- Boosts innovation and entrepreneurship:Â UBI frees individuals from financial pressures,Â potentially leading to increased innovation and risk-taking in business ventures.
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