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Top economist Nouriel Roubini, who was among the first to predict the 2008 financial crash, earned the nickname “Dr. Doom” for his stark warnings, though he has been more upbeat lately.
And when it comes to artificial intelligence, which has stirred all kinds of apocalyptic predictions, he insists he’s looking at the brighter side.
In an interview on Bloomberg TV on Friday, Roubini was asked about ways to fix Social Security, as the trust fund that helps fund benefits is due to run out of money by 2032.
He replied that a large chunk of the population will be replaced by AI and robots in the next 20-25 years, so raising the retirement age will not be sufficient.
“Eventually, we need some form of universal basic income for everybody while they work and once they retire,” Roubini added. “We’re already on the way.”
With AI poised to disrupt the labor market, top tech leaders like OpenAI CEO Sam Altman have suggested governments might provide a guaranteed amount of money to people, though he has since backed away from the idea.
Still, the idea persists, and the U.K.’s minis...
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