AI: UBI Income Portfolio Adjustment to Technological Transformation

Positive and normative claims that artificial intelligence (AI) will or should lead to adoption of a universal basic income policy (UBI) remain insufficiently empirically grounded to merit serious consideration. Long-term trends in individual/familial income portfolio adjustment (IPA) to business, e...

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Bibliographic Details
Main Authors: Alexandra K. Przegalinska, Robert E. Wright
Format: Article
Language:English
Published: Frontiers Media S.A. 2021-08-01
Series:Frontiers in Human Dynamics
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fhumd.2021.725516/full
Description
Summary:Positive and normative claims that artificial intelligence (AI) will or should lead to adoption of a universal basic income policy (UBI) remain insufficiently empirically grounded to merit serious consideration. Long-term trends in individual/familial income portfolio adjustment (IPA) to business, economic, and technological change (BETC) point to continued incremental changes in the ways that individuals/families achieve life goals, not a fundamental structural break necessitating radical policy changes that may not be desirable in any event. Moreover, if AI proves a more rapid disruptor than anticipated, UBI-like payments can be made quickly, as recent bailouts and fiscal stimuli demonstrate.
ISSN:2673-2726