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The Impact of AI on Employment and the Case for Universal Basic Income

Explore how AI is reshaping the job market and the growing argument for Universal Basic Income as a safety net. Understand the challenges and opportunities presented by automation and the potential solutions for a sustainable future.

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Exploring Universal Basic Income Through AI Research

Last week, OpenResearch, the research division of OpenAI, unveiled a comprehensive study on universal basic income (UBI) that has drawn significant attention. The study engaged 3,000 participants, randomly assigning them either $1,000 (€920) or $50 (€46.16) per month for a duration of three years, with no strings attached. The findings revealed that the majority of recipients allocated these funds toward essential needs such as rent and food. Many participants also reported spending more time caring for loved ones and contemplating further education, pursuing meaningful employment, or relocating within the United States.

“Cash is the only tool that provides the flexibility needed to address the diverse challenges people face over time,” stated Karina Dotson, the research and insights manager at OpenResearch, in an interview with Euronews Next. She emphasized that as the economy and labor market continue to evolve, it is crucial for the social safety net to adapt correspondingly.

The Stakes of AI-Driven Job Losses

As the discussion surrounding UBI gains momentum, the potential job losses resulting from AI advancements remain a contentious issue. According to a January analysis from the International Monetary Fund (IMF), nearly 40 percent of global employment is at risk due to AI technologies. This figure escalates to 60 percent in advanced economies, where entire job sectors may vanish as AI continues to evolve.

Adding to this concern, a recent study conducted by Swiss staffing firm Adecco found that 41 percent of executives in C-Suite positions are considering reducing their workforce as a direct consequence of AI integration. However, contradictory research from the Massachusetts Institute of Technology (MIT) suggests that only 23 percent of jobs in the United States could be replaced by AI in a cost-effective manner, and that it may take decades for AI to replicate certain human capabilities, particularly in fields like computer vision.

Furthermore, a scientific report from the AI Seoul Summit asserts that any temporary job losses will likely be short-lived, eventually being offset by the creation of new jobs, similar to previous waves of automation. The transition’s success will largely depend on whether workers possess the necessary skills to adapt to new job markets or geographic locations.

Addressing the Economic Divide

Guy Standing, the founder and co-president of the Basic Income Earth Network, argues that the prevailing narrative about AI eliminating jobs is receiving disproportionate attention. He points out that, despite the rise of AI, countries like the United States are experiencing record-high job vacancies.

Standing emphasizes that society should shift its focus toward how universal basic income can help bridge the widening gap between the wealthy and the poor, particularly in light of the insecurities created by the AI revolution. “If we fail to move toward a basic income, we could witness an increase in suicides, heightened stress levels, and a surge in support for extremist ideologies,” he warned.

Anselm Küsters, who heads the new technologies department at the Centre for European Policy, adds that implementing a universal basic income could alleviate skepticism surrounding AI’s impact on employment. He believes that the assurance of a basic income would encourage individuals to embrace technological advancements, fostering innovation and upskilling.

“When people feel secure and supported, they are more likely to adopt and implement new technologies in their lives,” Küsters explained. “Conversely, skepticism may lead to monopolistic practices and stifle innovation.”

Challenges of Implementing UBI in the EU

Both Standing and Küsters acknowledge the complexities involved in determining an appropriate amount for universal basic income, as it would vary significantly based on regional living costs. They caution that applying a uniform UBI across the European Union would be particularly challenging, given the diverse social policies and regulations in place across member states.

Küsters advocates for initiating discussions on basic income at the international level, involving organizations like the G7 or G20, to prevent inequalities in UBI systems that could encourage companies to relocate to more favorable jurisdictions. In December, the G7 adopted the Hiroshima AI process, establishing a voluntary international framework aimed at promoting safe and trustworthy AI systems.

Recently, the G20 agreed to collaborate on imposing a tax on ultra-wealthy individuals, potentially reaching rates of up to 2 percent on fortunes exceeding $1 billion (€920 million). This measure could generate global revenue of up to $250 billion (€231 billion) from the world’s wealthiest 3,000 individuals.

These discussions at both the G7 and G20 levels provide Küsters with optimism that there may be a willingness to address the fundamental question of universal basic income. Should individual EU nations pursue UBI, he suggests that policymakers consider partnerships with the insurance industry to modernize protections for workers in the age of AI. Such collaborations could facilitate the implementation of a basic income without jeopardizing states’ abilities to attract and retain major businesses in competitive markets.

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Dominique Pelicot Testifies in Harrowing Rape Trial

Join us as Dominique Pelicot courageously testifies in a harrowing rape trial, shedding light on the complexities of trauma and justice. Her powerful story raises crucial questions about the legal system and the importance of support for survivors.

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Dominique Pelicot Takes the Stand in Shocking Rape Trial

In a courtroom drama that has captivated France and garnered international attention, Dominique Pelicot, the man at the center of a harrowing rape trial, finally addressed the court. With tears streaming down his face, he recounted how his wife had been instrumental in helping him cope with a tumultuous past marked by trauma. He revealed that he had endured a sexual assault at the tender age of nine while hospitalized, and he also witnessed a gang rape during his teenage years while working as an apprentice electrician on a construction site.

“She didn’t deserve this, I acknowledge that,” Mr. Pelicot stated, his voice barely audible as he struggled to convey his emotions. The gravity of the situation weighed heavily on him, and the courtroom fell silent, straining to catch his every word.

Now 71 years old, Mr. Pelicot faces serious allegations of drugging his wife, Gisèle Pelicot, whom he has been married to for half a century, over a span of nearly ten years. Prosecutors contend that he used drugs to render her comatose, allowing him to rape her repeatedly. Furthermore, authorities allege that he went so far as to invite numerous men into their home, facilitating a nightmarish scenario where they, too, engaged in the assault of his wife.

Overall, 51 men, including Mr. Pelicot, are on trial concurrently, primarily facing charges related to the aggravated rape of Ms. Pelicot. Among them, one individual has already pleaded guilty to similar crimes, admitting to drugging his own wife to assault her and inviting Mr. Pelicot to partake in the horrific act while she was incapacitated.

Mr. Pelicot’s unexpected testimony came after a tumultuous start to the trial. Just a week in, he was stricken with severe health issues that forced him to miss four consecutive days in court. The head judge ultimately decided to postpone proceedings, as Mr. Pelicot was diagnosed with kidney stones, a kidney infection, and prostate complications, adding yet another layer of complexity to this already harrowing case.

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Meta Bans Russian State Media Outlets from Social Media Platforms

Explore the implications of Meta’s decision to ban Russian state media outlets from its social media platforms. Understand the impact on information dissemination and the ongoing battle against misinformation in the digital landscape.

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Meta Imposes Global Ban on Russian State Media Outlets

In a significant move, Meta Platforms, Inc., the parent company of Facebook, has announced the prohibition of Russian state media outlets, including RT (Russia Today) and Rossiya Segodnya, from all its social media platforms. The decision stems from the company’s concerns regarding the deceptive strategies employed by these media organizations to execute covert influence operations across the internet.

Meta made this announcement on Monday, emphasizing that the ban will be enforced worldwide across its various platforms, such as Instagram, WhatsApp, and Threads. The rollout of this ban is expected to take place over the coming days.

Statement from Meta

A spokesperson for Meta elaborated on the decision, stating, “After careful consideration, we have expanded our ongoing enforcement actions against Russian state media outlets. As a result, Rossiya Segodnya, RT, and other affiliated entities are now banned from our applications globally due to their involvement in foreign interference activities.”

For further insights into this development, watch the video in the player above.

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Trump Recalls Alleged Assassination Attempt While Golfing

Explore Donald Trump’s chilling recollection of an alleged assassination attempt he experienced while enjoying a round of golf. Delve into the tense moments and his reflections on safety, fame, and the unpredictability of public life.

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In a recent interview on the social media platform X, Republican presidential nominee Donald Trump recounted a harrowing incident he claims to have experienced while playing golf. Trump described how, during a peaceful Sunday morning round with friends, the tranquility of the day was abruptly shattered by the sound of gunfire in the air.

“It was a beautiful day, everything was just perfect,” Trump reflected. “Then all of a sudden, we heard shots being fired—probably around four or five in total.” He went on to explain that a Secret Service agent was the first to spot the suspect, who was allegedly armed with an AK-47, a powerful assault rifle.

“The agent saw the barrel of the weapon and immediately took action, returning fire at the barrel and aiming in the direction of the bushes,” Trump detailed. “I would have loved to have sunk that last putt, but we decided it was best to leave the scene promptly.”

Trump expressed his gratitude towards the agents and a vigilant civilian who aided in tracking down the suspect, who was eventually apprehended following a high-speed chase.

Suspect Faces Multiple Federal Gun Charges

The FBI has identified the suspect as Ryan Wesley Routh, accusing him of targeting Trump during his time at the golf club in West Palm Beach, Florida. According to an FBI report, Routh had allegedly hidden among the hedges of the golf course for an astonishing 12 hours. Authorities discovered an SKS-style assault rifle, a GoPro camera, and a bag of food at the scene.

The 58-year-old Routh is now facing two serious federal gun charges. If convicted on both counts, he could face a combined maximum sentence of 20 years in prison. Notably, neither of the charges is directly related to an assassination attempt. The first charge pertains to possessing a firearm despite a prior felony conviction, which carries a potential 15-year sentence, a fine of $250,000 (€225,000), and three years of supervised release.

The second charge involves possession of a firearm with an obliterated serial number, which could result in a five-year prison term, the same financial penalties, and also three years of supervised release. As the investigation continues, additional charges could be forthcoming.

While the motive behind Routh’s actions remains unclear, his digital footprint reveals strong political affiliations, particularly concerning issues surrounding Ukraine and China. Routh consistently expressed support for Ukraine across various social media platforms, even claiming to have orchestrated a recruitment scheme for international volunteers aiming to assist Ukraine in its fight against Russia’s invasion. This behavior has been denounced by Ukrainian soldiers and members of the International Legion, who disavowed Routh’s actions and motives.

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