Johann Rupert: Job Losses UBI
on Saturday, January 8, 2022Billionaire businessman Johann Rupert Money Quote saying that because automation is displacing so many workers, we must institute a universal basic income (UBI). Johann Rupert said:
“In order to mitigate the job losses through automation, we will have to talk about forms of unconditional basic income” — Johann Rupert
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In this quote, Johann Rupert is acknowledging that the rise of automation and artificial intelligence could significantly reduce the number of available jobs in the future. To help address this problem, he suggests that societies will need to “talk about forms of unconditional basic income.”
By this, Rupert appears to mean that governments may need to provide some kind of universal basic income or minimum standard of living for all citizens, regardless of whether they are employed or not. The quote implies Rupert sees a basic income system as a potential policy solution to mitigate the societal impacts and job losses that could accompany widespread automation and the replacement of human labor by machines.