Basic income may be needed to combat robot-induced unemployment, leading AI expert says

A leading artificial intelligence (AI) expert believes that societies may have to consider issuing a basic income to all citizens, in order to combat the threat to jobs posed by increased automation in the workplace. Dr Moshe Vardi, a computer science professor at Rice University in Texas, believes that a basic income may be needed in the future as advances in automation and AI put human workers out of jobs. In an interview with The Huffington Post, Dr Vardi said: “Our current economic system requires people to either have wealth or to work to make a living, with the assumption that the economy creates jobs for all those who need them.” “If this assumption breaks down – and progress in automation is likely to break it down, I believe – then we…


Link to Full Article: Basic income may be needed to combat robot-induced unemployment, leading AI expert says

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