October 20, 2017
“The concept of universal basic income (UBI) is that the federal government would guarantee that everyone receives a minimum income regardless of circumstance to offset the horrible effects of automation and AI which represent the successful advance of technology. Under this theory, the culprit, technological success, will put people out of work and irrevocably reverse the course of business in a market economy, as we know it, if the United States does not implement UBI.”
Dave Patterson, SMA Executive Advisor, provides his opinions of UBI in The Federalist.
NOTE: The views expressed here are those of the author and do not necessarily represent or reflect the views of SMA, Inc.
