Elon Musk on Friday touted what he described as “Universal HIGH INCOME” as a solution to deal with large-scale unemployment caused by the emergence of artificial intelligence, rekindling a longtime ...

Alison is a senior news reporter covering US politics and legal news. “Universal basic capital,” or UBC, broadly refers to giving Americans investment accounts and seeding them with equity—potentially ...

For generations, the idea that every citizen should receive money from the government simply for existing was dismissed as unrealistic, economically reckless, or little more than a philosophical ...

Turkish-American top economist Nouriel Roubini believes artificial intelligence will transform the global economy so deeply that governments will eventually have little choice but to provide a ...