Universal Basic Income: Is It the Necessary Next Step? - Futurum

Elon Musk, the genius founder of Tesla and SpaceX, recently predicted computers and robots are likely to take over the human workforce, and that the government will need to provide a salary--also known as universal basic income (UBI)--to keep society afloat. While I'm a tech guy and won't proclaim to know the economic rationale behind UBI, I do know this: When Elon Musk speaks, I listen. In fact, Musk is not alone. A recent study from Oxford University estimates that 47 percent of U.S. jobs could be made obsolete in the next two decades as automation and deep learning continue to advance. Even highly technical jobs are in danger of being overtaken by AI.