Labour ready to back basic income in preparedness for AI & robotics revolution
Labour is reportedly considering incorporating a 2020 manifesto pledge to provide a basic income for every UK citizen as it grapples with the potential impact of a looming AI and robotics revolution.
Such a move would be one of the most radical overhauls of the welfare state since its formation and would see the current system of means-tested benefits scrapped in favour of a one size fits all payment.
Shadow chancellor John McDonnell is said to be considering the idea after influential left-leaning campaign group Compass came out in support.
Speaking to the Guardian McDonnell said that in his view the policy "… makes an interesting case for a universal and unconditional payment to all, which could prepare our country for any revolution in jobs and technology to come — it is an idea Labour will be closely looking at over the next few years."
Backers of a Universal Basic Income argue that the policy would cushion society against a possible technological revolution in the near future in which artificial intelligence and robotics will usurp the role of humans in key areas.