According to Guggenheim fellowship winner Professor Moshe Vardi, job automation could lead to 50% of the world’s population becoming unemployed. Job automation is becoming far too ubiquitous to sit back and assume the replaced labor force will find employment in other sectors. The answer may be to the far left of the cost-minimizing practices that are leading automation: universal basic income. Even social democrats like myself hesitate to consider universal basic income as a viable option. If all the fears of automation are realized, we may need universal basic income just to maintain national stability.

Source: Daily Sun February 23, 2017 05:09 UTC