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The constant progress of Artificial Intelligence and the slow advent of automated robots into almost all fields required by the society has forced people to think.

Popular technology figures like Sir Richard Branson, Bill Gates, Elon Musk and Mark Zuckerberg have finally spoken up and their only expectation from the current system is the provision of Universal Basic Income.

With the advent of AI and a bright future majorly dominated by robots, job opportunities will definitely be reduced. However, productivity will increase and goods will be produced in surplus. In such a situation, there will be a lot of revenue and many unemployed people without any form of income.

To prevent this imbalance, the concept of Universal Basic Income has been portrayed across various platforms throughout the world. According to this theory, a fixed amount of money will be provided to all adults irrespective of their employment status and income. It will free the society of unemployment problems and complex welfare and revenue rules.

The UBI will be just enough for comfortable survival.

However, some are against this complete idea. The UBI gives independence to the government in action, too. They no longer have to face strikes and employee unions. They do not need to bring about new legislation with respect to the revenue system and the employment conditions.

The UBI might be hailed as an emergency solution to the sudden advent of AI and the reduction of employment options. However, this cannot be a long-term solution if the overall growth of the world is considered.

Summary: Universal Basic Income,According to this theory, a fixed amount of money will be provided to all adults irrespective of their employment status and income. It will free the society of unemployment problems and complex welfare and revenue rules.




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