Guaranteed Annual Income
The concept of a GAI has been around for some time and was tested in Dauphin, Manitoba in the mid 1970s. Now it is being tried again in Ontario and Prince Edward Island and one party in British Columbia is musing about it as part of its platform for next year's provincial election. Friedman and Hayek both thought it was a good idea but implementation is where the challenges lie.
Ronald Beer
shared this idea
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Dave
commented
Glad I saw this suggestion. I was going to suggest Universal Basic Income (UBI). I am interested in economic and social models for implementation in a United States setting. Regarding robotics, AI and Big Data advances, it seems that the only viable solution for labor is some form of UBI. i am uncomfortable with that solution, but so far I have found nothing else that truly addresses the issue.