Universal basic income could be used to soften hit from AI job losses in UK, minister says

UK Investment Minister Jason Stockwood suggested the government may consider a universal basic income (UBI) to mitigate job losses caused by AI. He stated that UBI and retraining programs could soften the impact on industries significantly affected by the technology. While UBI is not official policy, Stockwood indicated that government officials are discussing its potential implementation. His comments come amid growing concerns about AI's impact on the UK job market, with recent research suggesting the UK is losing jobs due to AI at a higher rate than other major economies. Stockwood emphasized the need to prepare the workforce for rapid technological change, citing potential civil unrest if displaced workers are not supported.

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