UBI fosters societal creativity and innovation key to adapt to automation – labor arguments ignore other incentives

[Sofia, “The Global Importance of Universal Basic Income (UBI) Manifestation,” independent, 2 Mar 2023, SSRN – Social Science Research Network, accessed June 30, 2023, GDS-LL]

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.