What happens to money when AI takes all our jobs?

When we talk about universal basic income, we have to be clear about what we mean. My Australian Basic Income Lab colleague, Elise Klein, along with Stanford Professor James Ferguson, have called instead for a universal basic income designed not as welfare, but as a “rightful share”. These debates over universal basic income are much older than the current questions raised by AI. Universal basic servicesRather than resisting AI, another solution is to change the social and economic system that distributes its gains. No guarantee of utopiaProposals for universal basic income or services highlight that, even on optimistic readings, by itself AI is unlikely to bring about utopia.