Economics News

3 articles in economics

Universal basic income could be used to soften hit from AI job losses in UK, minister says

Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries • Business live – latest updates The UK could introduce a universal basic income (UBI) to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said. “Bumpy” changes to society caused by the introduction of the technology would mean there would have to be “some sort of concessionary arrangement with jobs that go immediately”, Lord Stockwood said. Continue reading...

theguardian.com

Jan 29

AI (artificial intelligence)Universal basic incomeEconomic policy

Why universal basic income still can’t meet the challenges of an AI economy

Andrew Yang’s revived pitch suits the automation debate, but UBI can’t fix inequalities concentrated tech wealth drives Universal basic income (UBI) is back, like a space zombie in a sci-fi movie, resurrected from policy oblivion, hungry for policymakers’ attention: brains! Andrew Yang, whose “Yang Gang” enthusiasm briefly shook up the Democratic presidential nomination in 2020 promoting a “Freedom Dividend” to save workers from automation – $1,000 a month for every American adult – is again the main carrier of the bug: offering UBI to save the nation when robots eat all our jobs. Continue reading...

theguardian.com

Dec 15, 2025

US economyBusinessEconomics

Nvidia earnings: Wall Street sighs with relief after AI wave doesn’t crash

Amid a blackout of data due to the government shutdown, the $5tn chipmaker’s report took on wider significance Markets expectations around Wednesday’s quarterly earnings report by the most valuable publicly traded company in the world had risen to a fever pitch. Anxiety over billions in investment in artificial intelligence pervaded, in part because the US has been starved of reliable economic data by the recent government shutdown. Investors hoped that both questions would be in part answered by Nvidia’s earnings and by a jobs report due on Thursday morning. Continue reading...

theguardian.com

Nov 19, 2025

TechnologyArtificial intelligence (AI)Nvidia