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  • Universal basic income,

  • also popularly called

  • Unconditional basic income, is the notion of giving people a regular stipend regardless of their socioeconomic status or employment.

  • This income would be enough to cover a person's basic needs

  • Although some advocates propose a basic income as a viable solution for today's economy

  • It is frequently cited as a solution for the employment problems of the future

  • Many professionals theorize that jobs that used to be done by people

  • Will one day be conducted by machines and artificial intelligence

  • Leaving a great many people out of work

  • In order to protect those who are unemployed or to prevent a collapse of capitalism a

  • universal basic income would be enacted.

  • Optimists posit that there are potential benefits to such a future.

  • People would have more free time to pursue their own interests

  • Or to pursue a job they truly wanted not the job they needed just to survive

  • More people could spend time being creative exploring the arts

  • How beautiful!

  • Skeptics aren't so sure a basic income would be compatible with human nature

  • Would we really spend all our time being creative, or would we regress to instant gratification machines? For example,

  • spending all our time in virtual worlds

  • Would we even value one another in a world where there was no sense that the economy was a result or collective efforts?

  • Is universal basic income a viable solution for the problems caused by automation? If so where will the money come from?

  • Can it be sustainable?

  • Will machines really one day run our economy? What path would you pursue if you received an unconditional basic income?

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Universal basic income,

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