AI is coming for our jobs! Could universal basic income be the solution?
Tavneet Suri, agriculture sector co-chair at Abdul Latif Jameel Poverty Lab (J-PAL) speaks about the impact of the world's largest universal basic income (UBI) scheme, located in Kenya, where GiveDirectly, of which she is a member of the research team, runs a 12-year UBI experiment.
"We do see people leaving low wage jobs. They are going and starting businesses, and the businesses are doing great because there’s money around. In a developing country, if we see a 20% increase in businesses, that’s people who are going to pay taxes,” she says. “Because farmers [who make up a high percentage of Kenya’s workforce] are not taxed in general, suddenly you have a bunch of people showing up in tax brackets, and they’re buying stuff. And one of the biggest pieces of revenue for the government is actually sales tax."