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AI Is Taking Jobs: Could Universal Basic Income Become a Reality?

AI Is Taking Jobs: Could Universal Basic Income Become a Reality?

Summary

The article discusses how artificial intelligence (AI) is expected to replace many jobs in the U.S., potentially affecting 45 million American workers by 2028. It explores the idea of Universal Basic Income (UBI) as a solution to the economic disruption caused by AI replacing human jobs. Experts believe both blue-collar and white-collar jobs, especially those involving routine tasks, are most at risk due to AI.

Key Facts

  • AI could disrupt 45 million American jobs by 2028.
  • Management consulting firm McKinsey predicts 30% of U.S. jobs may be automated by the end of the decade.
  • Both blue-collar and white-collar jobs, including data entry and customer service, are at risk.
  • Experts suggest jobs with repetitive tasks are most likely to be replaced by AI.
  • Some customer service roles have already been largely replaced by AI chatbots.
  • There is ongoing discussion about using Universal Basic Income (UBI) to help people affected by job losses due to AI.
  • AI adoption has been linked to layoffs in the tech industry.
  • UBI is suggested as a way to provide financial security in the face of increasing job automation by AI.

Source Information