Part 13/15:
At this critical juncture, proposals for addressing the impending challenges surrounding the AI revolution have emerged. Options include Universal Basic Income (UBI), which provides a base financial safety net decoupling survival from employment, offering citizens a chance to retrain or start businesses. Some nations have tested UBI with positive results, indicating improvements in well-being and entrepreneurship.
Another approach is to implement an AI dividend—taxes on companies utilizing AI for automation, redistributing funds toward displaced workers or retraining efforts. Scaling up reskilling programs can help, as can promoting equitable, decentralized ownership models for AI technology, ensuring economic benefits are distributed more broadly.