Income Inequality, AI, and the Case for Universal Basic Income
Since 1976 income inequality has exploded both in the United States and globally, with the top 1% of earners increasing their income by 288% in that time while the bottom 50% of earners have seen their income increase by only 18.8%. If we look at the top 0.01% we see their incomes rose 671.8% from 1976 to 2023 (source: https://realtimeinequality.org/ ).