Probability Robots will Take Your Job

Prediction: The Inevitability of Unconditional Basic Income

Today is the first of my “Prediction Saturday Series” posts. I intend to use these posts to put forward a prediction about the near future, e.g. 15 – 20 years from now.

My prediction for this week is the inevitability of an unconditional basic income; that is, that everyone will be paid a subsistence wage by the government irrespective of whether they work or not.

Tomorrow (June 5th, 2016), will be the first test of my prediction when the citizens of Switzerland will vote on providing an unconditional 2,500 Swiss Franks a month (about the same amount in US Dollars) to each of its citizens, regardless of work, wealth or their social contribution. Opinion polls suggest the referendum will be heavily defeated, and my prediction will not hold up at the first test. That is perfectly understandable as the conditions are not right for unconditional basic income as yet; but in 15 – 20 years’ time, they will be.

Read More