Is Universal Basic Income the Solution to AI-Induced Job Loss?
In the era of digital transformation, artificial intelligence (AI) is reshaping the job market with unprecedented speed and scale. From manufacturing to financial services, AI technologies such as machine learning, robotics, and automation tools are increasingly being deployed to enhance efficiency and productivity. However, this rapid integration of AI is also raising concerns about job displacement, as machines begin to perform tasks that were traditionally done by humans, potentially leading to significant job losses across various sectors. As societies grapple with the challenges posed by AI-induced job displacement, Universal Basic Income (UBI) has emerged as a compelling solution. UBI proposes a financial model where all citizens receive a regular, unconditional sum of money from the government, regardless of other income. This concept is gaining traction as a potential way to ensure economic security and maintain consumer spending in the face of widespread automation. This art