As AI and robotics continue to scale at unimaginable speeds, with AI getting exponentially smarter and robots increasingly more agile, we’ve got to realize how many jobs will disappear in a very short time period. This isn’t a gradual transition, it’s not a move from one field to another like farmers transitioning into factory workers during the industrial revolution. It’s a massive shift from human labour to machine labour that the world’s economies simply aren’t designed to absorb.
I’ve seen a growth in the number of people talking about the need for Universal Basic Income (UBI), but I fear this isn’t enough. I fear that the idea of giving millions if not billions of people a basic income, but no real means for most of them to supplement those incomes as an insufficient solution. We don’t need UBI, we need UCI – Universal Comfortable Income. It’s not going to be enough to give people a basic survival income. We are going to need to see governments, and maybe even companies, share their resources and wealth with people, or else who is going to have the resources to buy the products and services AI and robots will offer?
The potential for dissatisfaction and ultimately unrest seems scary to me. A world with a couple dozen trillion-dollar companies, and a handful of trillionaires running them, is also a world with vast populations of people eking out a subsistence lifestyle, unable to do more than meet their survival needs. A basic income, requiring additional sources of income to appreciate the offerings of a fully automated economy, will not survive without a revolt for too long.
Maybe I’m wrong. Maybe there are other solutions to this problem. Maybe I’m too bullish about to how far things will advance in a short time. That said, the potential for the scenario above to occur in the next decade is not zero. It might be a pessimistic bad-case or even worse-case scenario, but it’s possible… and scary. If things advance as fast as I think they will, we can’t continue to have UBI conversations, we need to move the goal posts and start really thinking of UCI.



