The rise of artificial intelligence (AI) has brought about many advancements in technology, but it has also raised concerns about its potential impact on the job market. With AI replacing a significant number of jobs, experts are now speculating about the possibility of implementing universal basic income (UBI) as a way to provide financial support to those who are unable to find employment.
One of the leading voices in this discussion is Sam Altman, the CEO of Open AI, who recently wrote a post on the topic of UBI. In it, he discussed the possibility of funding UBI through taxes on businesses or high earners, or by using the profits generated by AI and automation. He also stated that “we need to design a system that embraces this technological future and taxes the assets that will make up most of the value in that world – companies and land – in order to fairly distribute some of the coming wealth.”
This post comes just months after the public launch of OpenAI’s newest project, ChatGPT, which has taken the internet by storm with its advanced and human-like capabilities. The tool offers a glimpse into the future of AI, and has led many to question whether jobs such as code writers, language translators, copywriters, content writers, SEO strategists, and data analysts will be at risk of being replaced by AI.
While the idea of a UBI has been around for centuries, Altman argues that the impact of AI on the workforce is much more severe than previous technological advances. He predicts that AI generative technology is still in its infancy, and that in 10 years, it could potentially put a significant percentage of the population out of work.
The question of UBI and its potential impact on the job market is a complex one, and it remains to be seen how society will respond to the challenges posed by AI. However, as AI continues to advance and disrupt the job market, the conversation about UBI is sure to gain momentum.