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Universal Basic Income Essay

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With both sides presenting interest arguments and tense debates, the issues discussed will bring certain skepticism about whether or not a Universal Basic Income will work. The fast and increasing rise of automation in the work force has forced conversation regarding policies dealing with unemployment. While there are other solutions to dealing with automation such as slowly adapting to automation or to a more radical banning of advanced technology, a Universal Basic Income is one of the more realistic solutions to automaton. Skeptics will argue that creating a Universal Basic Income program will disincentivize work and make people lazy and the economy as a whole will become unproductive and see a period of declination. With Automation set …show more content…

The bottom three least likely included: management, applying expertise, and stakeholder interactions. Agriculture, retail trade, and construction are some of the jobs in these sectors. Additionally, the increasing of automation in our labor market will allow individuals more free time. By having more free time these will allow individuals to create new inventions, spend more money in the economy, and allow people to choose new paths in their lives besides working. Regarding funds and posing the question of where the money will come from, by taxing these robotic corporations to fund a Universal Basic Income, taxes will not have to be raised. An article by Fortune focusing on the top fifty companies leading the AI revolution estimates that in 2016 funding for startup AI companies came in at five billion. While this may not seem much, an increasing of funding in 2012 from 589 million to five billion in four years is evidence that these numbers will only grow in the future. John Aziz of the week also agrees that, “In other words, taxing the owners of the robots to support the people who are put out of work by them.” Implementing a Universal Basic Income should have little effect on Immigration because you must be a citizen in order to be eligible to receive a Universal Basic

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