The Employment-Based Economy WILL Soon Fail: What Can We do to Avoid Disaster?

Let’s look at what we know for sure: Artificial intelligence (AI) will soon surpass human ability to complete complex tasks. Right now, AI could do over 50% of all paid tasks better than humans using currently available technology. In about 20-30 years, artificial intelligence will be able to tackle brand new jobs created by technological job displacement. This is because we predict human-level machine intelligence will emerge by then. This artificial intelligence, with an intellectual capacity equal to or better than a human being, combined with robotics and connected to the internet, will be more productive than any human worker…....