UBI could protect workers
New technology, according to business titans like Elon Musk and Andrew Yang, will force millions of people out of work, Money Crashers reports.
They think that Universal Basic Income (UBI) is the best method to help these employees, at least until they can find work in the new economy.
Offshoring, in which corporations shift operations overseas to take advantage of lower labor, can also result in job losses.
With UBI as a safety net, these individuals may try something new, such as changing occupations, returning to school, or even establishing their own business.
And if any of those enterprises succeed, the economy as a whole will benefit.
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