NYT: Give everyone a paycheck!

A Plan in case Robots take the job

by Fahrad Manjoo
The New York Times, March 2, 2016

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How will society function after humanity has been made redundant? Technologists and economists have been grappling with this fear for decades, but in the last few years, one idea has gained widespread interest — including from some of the very technologists who are now building the bot-ruled future.

Their plan is known as “universal basic income,” or U.B.I., and it goes like this: As the jobs dry up because of the spread of artificial intelligence, why not just give everyone a paycheck?

Imagine the government sending each adult about $1,000 a month, about enough to cover housing, food, health care and other basic needs for many Americans. U.B.I. would be aimed at easing the dislocation caused by technological progress, but it would also be bigger than that.

While U.B.I. has been associated with left-leaning academics, feminists and other progressive activists, it has lately been adopted by a wider range of thinkers, including some libertarians and conservatives. It has also gained support among a cadre of venture capitalists in New York and Silicon Valley, the people most familiar with the potential for technology to alter modern work.

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