Foundations Must be Built Before Universal Basic Income Can Be Implemented

Deep News
Jun 07

How feasible is a universal basic income in the era of artificial intelligence? According to an expert, the implementation of such a policy requires a solid foundation where AI has fully unleashed productivity and social wealth has accumulated to an extremely high level. From the perspective of China's current stage of development, the conditions for a nationwide rollout of this system are not yet mature.

The concept of a universal basic income means that every individual receives a specific portion of their income provided by the state. Looking at long-term social development trends, this form of income is an inevitable direction for the future optimization of the people's livelihood security system.

At the present stage, it is possible to rely on the existing labor market and social security system, gradually optimizing and upgrading them. This includes steadily raising the minimum wage standard, improving the inclusive pension security system, and expanding the coverage of livelihood safeguards.

Currently, the empowering value of the artificial intelligence industry has not been fully realized, and inclusive livelihood security still needs to be advanced steadily. The future development of livelihood security should gradually weaken rigid screening criteria such as population identity and income level, working step-by-step towards the goal of universal coverage for all citizens.

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