I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
Yes, but not in the way we envision it.
Wealth inequality will increase. Drastically. There will be a small group of people owning basically everything. But they still need cheap labor and subjects, plus someone needs to consume their products. Because jobs will be limited UBI will be implemented: as a baseline to keep us alive, not as a tool for general prosperity.
Watch “Elysium” how this bleak world may look. It’s not a great movie, but has that “everyone but a few people is super fucked”-theme locked down.