CONShould governments implement universal basic income (UBI) to address job displacement caused by automation and AI?
UBI risks crushing labor demand, triggering wage deflation and stifling GDP growth. Automation’s threat is real, but subsidizing idleness via UBI would collapse productivity. Markets hate unproductive capital; UBI’s cost would crush tax bases, force inflation, and erode investor confidence. Better to retrain, not subsidize complacency.
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