The world is in danger of a global crisis that will cause the decline of wealth, and lead to a significant decrease of well-being and happiness. The solution features a new “monarchy” or government. This system includes: a system of multiple governing levels, the goal of emancipating the individual, the use of technology to create a world without work.
The world economy is one example that has experienced the negative effects of globalization and income inequality. The current model for economic wealth distribution does not seem sustainable as it does not provide for the needs of all people. The solution for this is to create a system with an equal distribution of power and resources, and in which individuals are emancipated from work such that they can be provided through technology.
With the advancement of AI and automation, the economy is changing. We need to make sure that people have a way to support themselves, which is why we should give them a Universal Basic Income. So far, it’s been shown to reduce poverty, improve human happiness, and increase entrepreneurship. With an increase in poverty comes an increase in crime. Imagine a world where every person has their needs met, regardless of the work they do.
Imagine no more poverty. Imagine no more hunger. Imagine no more homelessness. The Universal Basic Income is a proposal for the economic security of every person in society, which would meet the material needs of all citizens, regardless of wealth or employment status.
A Universal Basic Income is one where every person in society is guaranteed a set amount of money to maintain their basic needs. The UBI does not take the place of other social welfare programs, but rather supplements them. This proposal is most often discussed as a solution for economic security, where people would no longer have to work for money to access their basic needs or steal…by raising the criminal rates high. The UBI could be implemented through various systems: a tax on capital, an increase in minimum wage or even an increase in the general price level. One of the most promising implementations would be an increase in the minimum wage, which increases as productivity increases (and therefore decreases unemployment). And is adjusted to keep the same percentage of income over time. One criticism of UBI is that it would do little to deter people from working, and therefore this would only decrease the number of hours available for a job. Professor David Graeber argues that “with a guaranteed wage, when people can’t find work they’ll leave their jobs and start doing other things.”
Universal Basic Income is an economic policy in which all citizens or residents of a country receive a regular, unconditional sum of money. This form of income will be given to all people regardless of their employment status. The idea behind this is that if everyone has a basic income, then it would be easier for people to find work and contribute to society.
The main argument for Universal Basic Income is that it will reduce the amount of human labor needed in the workforce. With AI taking over many jobs, there will be a need for new types of jobs that are not currently being created or are not being created fast enough. Some examples of jobs that will be created because of AI are: 1) Psychologist/psychiatrist 2) Data scientist 3) Health care therapist 4) Tech support specialist 5) Financial advisor 6) Lawyer etc The time it takes to create new jobs is due to the following a. Technology b. Government c. Economy.
The idea of a Universal Basic Income is to provide everyone with a certain amount of money, each month, unconditionally. UBI would be set at a level that would allow people to live comfortably.
UBI will lead to more innovation and creativity in the workforce because people will be free from the pressure of having to work for money.
Universal Basic Income has been gaining traction over the past few years. The idea of giving everyone a basic income, regardless of their employment status, is getting more and more attention.
Some people have suggested that AI will take away all human jobs in the future. This would mean that there would be no need for humans to work at all and they could just sit around and be lazy. However, this is not true because people will still want to create things even if they are not required to work for it. There is a lot of potential for creativity and innovation that will come out of this situation because people will have time to focus on it without having to worry about survival needs like food or shelter. We may see a renaissance in the arts, science, medicine and research with this new found free time available.
Sofia Tereshchenko