…will universal guaranteed income save the economy…?
Could artificial intelligence and robots trigger mass unemployment and the collapse of the economy?
The answer is yes, and no. Yes, they will most likely cause mass unemployment. An Oxford University study points to a probable 47% of the worlds jobs to be lost due to automation from robots or artificial intelligence within the next 20 years. No, the economy need not collapse if certain precautions are taken and the proper social programs are put in place.