Dr Moshe Vardi, a computer science professor at Rice University in Texas, believes that a basic income may be needed in the future as advances in automation and AI put human workers out of jobs.
In an interview with The Huffington Post, Dr Vardi said: “Our current economic system requires people to either have wealth or to work to make a living, with the assumption that the economy creates jobs for all those who need them.”
“If this assumption breaks down – and progress in automation is likely to break it down, I believe – then we need to rethink the very basic structure of our economic system.”