Richard Branson: A.I. is going to eliminate jobs and free cash handouts will be necessary

So new jobs will have to be created, says Branson. But also, a "basic minimum earnings," or a universal basic income, should be instituted "so that there is nobody that is having to sleep on the street," Branson tells CNN. "One hundred percent, I think that is really important." Universal basic income is a cash handout, distributed irrespective of employment status. CNN's Romans says a common opposition to a cash handouts is that it would create a "nanny state," where individuals are disincentivized to work.