Tech companies are pushing for basic income in response to job displacement due to AI.

From New York Times: 2024-07-16 11:44:32

Valley just trying to push basic income as a way to placate people who will be displaced by a technology they know is going to eliminate lots of jobs?” she said. “I say that even though I do believe in some form of guaranteed income.”

Tech companies have profited greatly from advancements in artificial intelligence, with market capitalizations soaring into the trillions. This has led some to speculate that the push for basic income by Silicon Valley is an attempt to appease the public as jobs become increasingly automated. Concerns have been raised about the true motives behind supporting guaranteed income programs.



Read more at New York Times: In the Age of A.I., How Much Is Silicon Valley Prepared to Give Back?