Sunday, July 19
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Topic: labour-market

Industrial robots stacking goods on a factory production line
Economy
Sunday, 7/19, 05:04 AM

Roubini says AI will force a choice between basic income and state ownership

  • The economist argues a large share of the workforce will be replaced within 20 to 25 years, leaving governments to choose between taxing the winners to fund universal basic income or taking stakes in big technology firms.
  • It is one forecast, and current labour data does not yet show the displacement he describes.

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