Sorry Elon, universal basic income won’t solve the AI jobs apocalypse
City AM
The article argues that Universal Basic Income is not a viable solution to potential job displacement caused by AI due to its prohibitive cost and political impossibility. It highlights that funding UBI would require unsustainable tax increases and could trigger inflation in sectors with fixed supply, such as housing and healthcare, rather than addressing the economic realities of an AI-driven future.
All articles from 28 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.