Part 1/9:
The Future of Universal Basic Income in the Age of AI: An MMT Perspective
As the conversation around Artificial General Intelligence (AGI) continues to grow, many individuals are becoming increasingly convinced that its rise will lead to significant job automation. This has prompted discussions about Universal Basic Income (UBI) as a safety net for societies undergoing such transformation. Proponents suggest that while UBI could mitigate some immediate economic disparities, it alone is insufficient. Instead, they argue for a more robust economic approach, potentially termed "Universal High Income," which incorporates principles from Modern Monetary Theory (MMT) to address the implications of UBI more comprehensively.