jobs apocalypse

Money for nothing: is universal basic income about to transform
society?

The concept of a guaranteed income is gaining traction as a solution
to the impact of AI and way to encourage more rewarding and socially
valuable work
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Today, as artificial intelligence (AI) learns from the collective
intellectual and creative output of humans and uses this to dispossess
workers of their livelihoods, the idea of universal basic income (UBI)
as a possible solution is gaining traction. "e are seeing the most
disruptive force in history,"Tesla founder and X (formerly Twitter)
owner Elon Musk said last year, before speculating: "here will come a
point where no job is needed -you can have a job if you want one for
personal satisfaction -but AI will do everything."

The counter argument is that although AI could replace a range of
jobs, it will also create new roles (including oversight of AI
decision making - known as "uman in the loop". Yet for many workers,
the advance of AI continues to be alarming. In March, after analysing
22,000 tasks in the UK economy, covering every type of job, a model
created by the Institute for Public Policy Research predicted that 59%
of tasks currently done by humans -particularly women and young people
=could be affected by AI in the next three to five years. In the
worst-case scenario, this would trigger a "obs apocalypse"where eight
million people lose their jobs in the UK alone.

https://www.theguardian.com/society/article/2024/jul/14/money-for-nothing-is-universal-basic-income-about-to-transform-society