I do believe that there will be some level of expansion of social services to help employees to be retrained for the new positions that are coming as well as assist lower skill workers to be retrained. However, the larger question is who should pay. Some people are saying tech should assist governments in retooling since the AI technology created the situation; others say it’s a governments issue only, etc. It will be interesting to say the least how the retraining program and other services are covered.
A leading artificial intelligence (AI) expert believes that societies may have to consider issuing a basic income to all citizens, in order to combat the threat to jobs posed by increased automation in the workplace.
Dr Moshe Vardi, a computer science professor at Rice University in Texas, believes that a basic income may be needed in the future as advances in automation and AI put human workers out of jobs.
In an interview with The Huffington Post, Dr Vardi said: “Our current economic system requires people to either have wealth or to work to make a living, with the assumption that the economy creates jobs for all those who need them.”