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As new tech threatens jobs, Silicon Valley promotes no-strings cash aid
Many tech entrepreneurs have long suggested that guaranteed income could cushion job losses from AI and automation. The latest and largest study of the idea was spearheaded by the man behind ChatGPT.
"The cash gave more people agency in their employment decisions during the most turbulent time in modern history," says Karina Dotson, the research and insights manager with OpenResearch. "Making contributions to society through the labor market … is a more promising system than one where poor people just get a check from the government," says economist Michael Strain of the American Enterprise Institute. Even though research so far shows limited impact on work, Strain worries that a permanent basic income program would exacerbate a long-term decline in employment rates for some groups.
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