AI and employment

Study: Universal Basic Income Boosts Happiness Without Increasing Unemployment

A three-year study in Germany found that providing a €1,200 monthly universal basic income (UBI) to 107 participants did not lead to decreased employment or work hours. Instead, recipients experienced significant improvements in overall well-being and mental health, comparable to major life events. Increased savings and altered spending patterns, particularly towards travel and social activities, were observed. These positive effects remained stable throughout the study, suggesting that UBI broadened possibilities rather than fundamentally changing participants’ values or personalities.

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AI Job Cuts: 41% of Companies Plan Workforce Reductions by 2030

A World Economic Forum survey reveals that 41% of employers plan to reduce their workforce due to AI-driven automation. Simultaneously, 77% intend to reskill and upskill employees to collaborate effectively with AI by 2030. The report highlights a growing demand for AI-related skills, while predicting significant declines in roles like graphic designers, postal clerks, and secretaries. While AI’s potential to augment human capabilities is noted, the report notably omits previous optimism about net job creation from technological advancements.

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