The Pie-in-the-Sky UBI
According to the conventional wisdom in Silicon Valley, robots will soon eat everyone’s job, and a universal basic income will become necessary. But this hypothetical future has not yet arrived, and proposals for a UBI in the US risk diverting policymakers' attention from the many more pressing challenges confronting workers today.
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BERKELEY – According to the conventional wisdom in Silicon Valley, robots will soon eat everyone’s job, and a universal basic income will become necessary. Lately, tech titans are especially eager to extol the results of a UBI pilot project in Kenya that is being funded largely by Silicon Valley philanthropists.