Will Universal Basic Income Create More Jobs Than It Displaces?

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Kaifu: I think ai b given so good at optimizing quantitative routine tasks, will displace a lot of jobs. Probably forty to 50 % of the existing jobs are rootine in nature and poised for a nerable to ai displacement over the next 15 or so years. Over a long period of time, let's say 30, call it 30 years, i think ai will create more jobs than it displaces. But in the 15 year time frame, more displacement than creation. That would be my prediction. And also, lastly, the universal basic income should not become a crutch,. There needs to be some motivation for people to have the drive to move forward

Kai-Fu Lee is one of the world’s leading AI experts and a bestselling author. He founded Microsoft Asia’s research lab that has trained CTOs and AI heads at Baidu, Tencent, Alibaba and Huawei. As President of Google China he helped establish the company in the Chinese market. And now, as CEO of Sinovation Ventures, he is investing in China’s high-tech sector, giving him a unique perspective on how AI is set to change our world over the next 20 years. On September 22 Lee came to Intelligence Squared to explain how AI is at an inflection point and urged us to wake up to its radiant possibilities as well as to the existential threats it poses to life as we know it. In conversation with Kamal Ahmed, former Editorial Director of the BBC, he discussed his new work of ‘scientific fiction’, AI 2041, co-authored with the celebrated novelist Chen Qiufan. The book offers up eye-opening scenarios of our techno-future – from a teenage girl’s rebellion when AI gets in the way of romance to a rogue quantum computer scientist’s revenge plot that imperils the world. To buy his new book AI 2041 with the Intelligence Squared discount click here: https://www.primrosehillbooks.com/product/ai-2041-ten-visions-for-our-future-kai-fu-lee-chen-qiufan/

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