Universal Basic Income Could Help Tackle AI-Driven Inequality, but Its Success Depends on How Governments Pay for It

Source: International Business Times

Artificial intelligence and automation are raising a difficult question for governments: how can the gains from new technology be shared if more workers face disruption? Universal Basic Income (UBI), a regular payment made to people regardless of employment status, is one proposed answer. It could help households manage change while supporting consumer spending and entrepreneurship. But UBI is not a one-size-fits-all solution.