Watch Live: Will Universal Basic Income Change Our Lives for Good or Bad?
“Each year, robots and artificially intelligence systems cause unemployment rates to increase as more and more jobs become automated. And when you stop to take a look, the numbers are harrowing.
In Canada, a study conducted by the Brookfield Institute for Innovation + Entrepreneurship found that a staggering 40 percent of Canadian jobs will be taken over by machines in the next few decades. In the United Kingdom, a study conducted by Oxford University and Deloitte, a business advisory firm, found that 850,000 public sector jobs in the region will likely be lost by 2030. In Southeast Asia, an estimated 137 million workers are in danger of losing their jobs in the next 20 years. Meanwhile, a study by the Oxford Martin School has found that 47 percent of jobs in the US will be automated in the next 20 years. The list goes on and on (and it’s not just blue collar jobs that are at risk).
Fortunately, there may be a solution: Universal Basic Income (UBI). In short, UBI is a system which gives every individual, regardless of their economic situation or employment status, a guaranteed income. This income is meant to be high enough that individuals are able to have all of life’s basic necessities—food, shelter, water, heat, and so on. It is believed that this allowance will reduce stress and allow individuals to focus on other pressing concerns that are of vital importance to society, such as raising children, pursuing an education etc…”
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