Mind Matters News and Analysis on Natural and Artificial Intelligence

TagUniversal Basic Income

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Universal Basic Income? Fear of AI Fuels Bad Economics

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

Although the coming shift will be abrupt, new technologies enable us to focus, as economists would put it, on our comparative advantage over machines. 

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Will the Free Market Help or Hurt Us in an AI-Empowered World?

We may need new institutions, such as insurance against job obsolescence
If humans are free to experiment with new institutions, I believe we will find an excellent solution. However, there is a great danger that those who benefit from the status quo will use their influence to prevent the adoption of new institutions. Read More ›
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Is the future of jobs over?

Should people be paid to let machines do the work?
Recently, there have been short-term limited experiments with a Universal Basic Income but it’s hard to evaluate a transformative social policy with such limited and cherry-picked data. And, says Richards, paying people not to work would simply slow their move into the job markets of the digital age. Read More ›