From mint · Mint Editorial Board · · 1m 10s
Safety net cue: India may need to recraft public welfare for the age of artificial intelligence
India must rethink welfare programs as AI reshapes jobs and economy.
In brief
India must rethink welfare programs as AI reshapes jobs and economy. India should design AI-linked cash transfers to protect workers from job displacement by artificial intelligence. Originally reported by mint.
Universal basic income concept
The general concept of a universal basic income with state monthly transfers found advocacy before ai's rise.
Elon Musk's share pledge
Elon musk pledged to give every kid in america a single share in space x next year.
Anthropic's public benefit fund
anthropic committed 5 percent of its shares to a public benefit fund for ai problems.
AI job displacement risk
ai could plausibly take office jobs leading to long-term economic shifts.
Moral hazard argument
the moral hazard argument against ubi claims it would induce laziness.
India's cash transfer schemes
chhattisgarh offers cash transfers to women aged above 21 who are married or once were.
Fiscal constraints for ubi
a modest monthly transfer of ₹ 1,000 to all indians above 18 below tax level would cost over ₹ 11 trillion annually.
The essence
India should design AI-linked cash transfers to protect workers from job displacement by artificial intelligence.
