Or is this an affront to the capitalist system

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Globalization of business course

Notwithstanding the optimism of our new technologies from tech professionals and others. And notwithstanding the convenience, low costs, and unimaginable benefits from technology, the reality is, if the advancement continues at this rate, there is little doubt that within the life time of the millennial generation millions of jobs will be permanently eliminated.

This will impact knowledge workers as well as laborers. To avoid outcomes reflected in the recent study of the “Collapse of the White Working Class” should society began to look seriously at the Universal Basic Income? Does this allow us to minimize/avoid potential astronomical poverty rates and crime? Or is this an affront to the capitalist system?

Reference no: EM131741502

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