Scribd
Upload
16 views

First Draft

The document discusses the impact of automation and AI on jobs and possible solutions like universal basic income. Automation could replace many jobs but UBI provides citizens a basic income to live on regardless of employment status, which may help address issues of job loss and income insecurity from AI.

Uploaded by

lthuynhoem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
16 views

First Draft

The document discusses the impact of automation and AI on jobs and possible solutions like universal basic income. Automation could replace many jobs but UBI provides citizens a basic income to live on regardless of employment status, which may help address issues of job loss and income insecurity from AI.

Uploaded by

lthuynhoem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

What is the impact of automation/ AI at work and

what are some possible solutions?

Le Thuy Vo
The University of Winnipeg
EEAL-15171-2401-E2023SP
Ross MacDonald
May 31, 2024
According to TD Economics (2024), the adoption of AI across industries could lead to an

output increase of 5%-8% over the baseline over the next decade. Therefore, the quality of life

can be improved day by day, and people have a lot of chances to live in an industrial country and

make more money to enjoy their lives. Despite those development technologies, many people

face the challenge that they could lose their jobs. Without working, people do not have an

income and can’t enhance their lives or take care of their families. However, the concept of

universal basic income (UBI) movement suggests that each resident should be provided with a

sufficient-size monthly salary to cover the bare needs of existence.

The main problem is that modern technologies and AI could replace people's positions in

social life. Because we are living in an industrial country with a high quality of life, we can

easily encounter technologies everywhere. Technology exists on the streets, in buildings, and

almost in alleys; whatever you do or wherever you go, you will be under its supervision. A report

put out in February 2016 by Citibank in partnership with the University of Oxford predicted that

47% of US jobs are at risk of automation. In the UK, 35% are. In China, it's a whopping 77% —

while across the OECD it's an average of 57%. Furthermore, three of the world's 10 largest

employers are now replacing their workers with robots (Price, 2016). AI not only processes and

analyzes information more efficiently and quickly than humans, but also it is indefatigable.

Humans, on the other hand, require breaks and spend time with friends, social activities, and

especially their families. That is the reason why all of us must improve our ability to get more

experience and success at work; otherwise, the more modern technology, the more unemployed
you are. According to Price (2016), technology has already gutted many traditional factory-type

jobs — but now it may also wreak havoc with the middle classes. Automation and technology

created and expanded new opportunities, transforming industries. Nonetheless, positions that

entail repetitive operations or are readily codified are in danger of becoming automated,

potentially affecting a wide range of professions other than industrial workers.

“It’s not just a matter of needing basic income in the future; we need it now”; Santens

feels that AI is outpacing employment growth, and he realizes a government-provided income as

a workable solution (Wheeler, 2015). For many years, the concept of a basic income has been

present as a possible solution that helps people cover their lives by receiving monthly money

from governments. Currently, the most concerning worry is whether people’s overuse of

technology would make them inactive. For instance, would people want to keep earning more

money if they were to obtain enough or grow lazy and just stop at that standard of living?

According to Wheeler (2015), pointing in the opposite direction, Guy Standing, a professor of

development studies at the University of London and co-founder of the Basic Income Earth

Network, has proven that employers do better at work when they feel fearless. Moreover, they

are liberated to do what they want to do rather than they are required to complete, Standing said

(cited in Wheeler, 2015). Nowadays, with the support of AI and automatic technologies, which

opens more opportunities as more choices could be chosen for people. They can decide to have

their own business, volunteer, garden, or whatever they want while still receiving money from

the government. Consequently, the increasing quality of living leads to the development of the

country.
In conclusion, the implementation of universal basic income (UBI), which guarantees all

citizens have a consistent income to sustain a dignified standard of living, can help mitigate the

challenges of job displacement and income insecurity brought on by the adoption of AI. By

doing this, they will promote social cohesion, economic stability, and poverty reduction.
Reference

Artificial Intelligence Technologies can help address canada’s productivity slump. TD

Economics - Canada. (n.d.). https://economics.td.com/ca-AI-tech-can-help-productivity-

slump

Price, R. (2016, December 6). Will robots take your job? AI, automation, and the future of work.

Business Insider.

Wheeler, D, R. (2015, May 18). What if everybody didn’t have to work to get paid. The Atlantic.

You might also like