November 19, 2016

NO ONE WILL MISS JOBS:

Elon Musk says robots will push us to a universal basic income--here's how it would work (Catherine Clifford, 11/18/16, CNBC)

A 2013 study by Oxford University's Carl Frey and Michael Osborne estimates that 47 percent of U.S. jobs will potentially be replaced by robots and automated technology in the next 10 to 20 years. Those individuals working in transportation, logistics, office management and production are likely to be the first to lose their jobs to robots, according to the report.

In less developed countries, the potential for job loss is more severe. A 2016 analysis from the World Bank estimated that roughly two-thirds of all jobs in developing nations around the globe are susceptible to replacement by automation.

As the global workforce modernizes and low-skilled workers lose their jobs, momentum builds around the idea of a universal basic income, or a fixed, regular payment that all residents, no matter their employment status or wealth, would receive from the government.

Elon Musk , the founder and CEO of of SolarCity , Tesla , and SpaceX, recently declared that a universal basic income was a reasonable next step for the U.S. "There is a pretty good chance we end up with a universal basic income, or something like that, due to automation," Musk told CNBC. "Yeah, I am not sure what else one would do. I think that is what would happen."

The entrepreneur and futurist is not alone in his sentiments. While no country has fully implemented a universal basic income yet, individuals are experimenting with a version of the idea, as are several Scandinavian nations.

Posted by at November 19, 2016 2:56 PM

  

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