August 17, 2017
Billionaire entrepreneur Richard Branson is the latest in a string of iconic businessmen to talk about cash handouts, or universal basic income, as a solution to jobs being replaced by technology.
“With the acceleration of [artificial intelligence] and other new technology … the world is changing fast,” Branson writes in a post published this week.
“A lot of exciting new innovations are going to be created, which will generate a lot of opportunities and a lot of wealth, but there is a real danger it could also reduce the amount of jobs,” he says.
“This will make experimenting with ideas like basic income even more important in the years to come.”
— Richard Branson (@richardbranson) August 14, 2017
Billionaire Tesla and Space X CEO Elon Musk says universal basic income will be a virtual necessity as technology replaces jobs that humans currently do.
This article was posted: Thursday, August 17, 2017 at 4:48 am