Economics and the tilt to socialism
My son was home from college for spring break. As we ate dinner one night, he described to my wife and me how a professor warned the students that many of the jobs they are studying for will be gone within a few years. Artificial intelligence and automation could put millions out of work in the very near future, the professor had told the class, and my son seemed genuinely worried.
In the next breath, he recounted a speech he heard from one of the lesser-known Democratic presidential candidates who discussed a future where U.S. citizens may receive a “universal basic income,” particularly if AI and automation take us to the point where there just aren’t enough jobs for a growing population.
