AI and robots will take our jobs - but better ones will emerge for us

An increasingly popular concern is that robots will eat up labour's share of income at an accelerating rate, leaving ordinary workers impoverished and unemployed. A common dinner conversation topic in Silicon Valley is universal basic income, and the typical argument advanced for UBI is that we are destined to indefinitely continue losing jobs faster than we replace them. Variants on this theme have circulated since the dawn of the Industrial Revolution. Improvements in farming technology have been greeted with skepticism since ancient times for these reasons. Mechanical contraptions for sewing and other tasks were decried as potentially ruinous to workers in Elizabethan England.