Posted 4/13/2024, 2:30:00 PM
Guaranteed Income Programs Gain Momentum as Solution to Job Losses from Automation, Though Facing Some Opposition
- Global policymakers warn AI threatens 40% of jobs; guaranteed income could help workers impacted by automation
- Stockton, CA tested guaranteed income program giving $500 per month to residents; recipients saw improved financial stability and health
- Idea of guaranteed income has historical roots but has gained traction recently among tech elite like Elon Musk and Mark Zuckerberg
- Dozens of U.S. cities now exploring guaranteed income pilots, but facing opposition from some Republican lawmakers
- Recipients report guaranteed income provides financial cushion to find better work and break cycle of poverty