Workers ousted by AI could receive universal basic income

Workers ousted by AI could receive universal basic income

The government needs a plan to ensure a ‘soft landing’ and retraining for people in industries that may disappear, says the investment minister Lord Stockwood

UBI could be used to soften hit from AI job losses in UK, minister says | BIEN — Basic Income Earth Network

“The UK could introduce a universal basic income (UBI) to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said. “Bumpy” changes to society caused by the introduction of the technology would mean there would have to be “some sort of concessionary arrangement with jobs that go immediately”, […]

Universal Basic Income Could Help Cushion UK Workers From AI Job Losses

As AI continues to take its vicious toll on jobs everywhere, there may be a soft solution in the UK. The country could consider introducing a universal basic income (UBI) as a way to protect workers whose jobs are disrupted by AI, according to the investment minister Jason Stockwood, as concerns mount over the pace at which new technologies are reshaping the labour market. UBI refers to a system in which individuals receive a regular, unconditio…

UK may consider universal basic income as AI disrupts jobs, investment minister suggests

Investment minister flags job losses from AI disruptionUniversal basic income discussed, not adoptedLondon and finance sector seen as highly exposedThe UK could one day consider a universal basic income to support workers whose jobs disappear because of artificial intelligence, according to comments by the country’s investment minister.Jason Stockwood, a Labour peer who took up the role in September, said the changes driven by AI would not be sm…

Universal basic income could be used to soften hit from AI job losses in UK, minister says

Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries • Business live – latest updates The UK could introduce a universal basic income (UBI) to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood…

Cisco UK&I chief executive says stop focusing on AI impacting entry-level jobs

Nearly every week there is a new report on the impact of AI on human jobs, leaving the future generation of workers feeling like they are living in a limbo. Recent figures out from the ONS illustrate that we are already facing a jobs dilemma with our younger cohort with almost one million young people (16-24) currently not in education, employment, or training. This suggests that there is a critical rethink needed on how we shape future prospect…