The Problem: AI and Job Displacement
As artificial intelligence (AI) continues to advance, there is a growing concern about the potential displacement of jobs. The development of Artificial General Intelligence (AGI) could lead to machines performing tasks previously done by humans, leading to significant job losses across various sectors. This displacement could exacerbate economic inequalities, as many workers may find themselves without employment opportunities, unable to compete with the efficiency and capabilities of AI-driven systems.
The Solution: Universal Basic Income
To mitigate the economic impact of job displacement by AI, the implementation of a universal basic income (UBI) is proposed. A UBI provides a guaranteed income to all citizens, ensuring financial stability regardless of employment status. This concept is similar to the Italian “Reddito di Cittadinanza,” which offers a basic income to support individuals and families in need. By adopting a UBI, societies can ensure that citizens have the means to live decently while adapting to a changing job market influenced by AI advancements.
How to pay the UBI
By taxing the companies that are using AI instead of hiring people.
The Possibility of the Singularity
The concept of the singularity refers to a point where AI evolves independently and infinitely, surpassing human intelligence. This scenario presents both risks and opportunities. On the one hand, an entity far superior to humans could pose existential threats, potentially leading to unforeseen and uncontrollable outcomes. On the other hand, such an advanced AI could help solve some of humanity’s most pressing problems, including energy, law, medicine, government, and even ending conflicts and hunger.
Conclusion
While the rise of AI and AGI presents significant challenges, including job displacement, it also offers the potential for transformative solutions. Implementing a universal basic income can provide financial security in a rapidly changing job market. Additionally, while the singularity poses potential risks, it also holds the promise of unparalleled advancements in solving global issues, potentially leading to a more prosperous and harmonious future.
Andrea Bodei
EUCIF
The European Cyber Intelligence Foundation is a European non-profit think tank specializing in intelligence and cybersecurity, offering consultancy services to government entities