There are a little over 150 million employed people in the United States: about 3.4 million drive trucks, taxis, buses or delivery vehicles, meaning that more than one in every 50 workers in the U.S. operates a motor vehicle.
Within ten years, many will be out of a job, for self-driving vehicles will become cheaper than paying humans. This inevitable displacement of human workers means a radical change is necessary.
Given that capitalism is unlikely to go away anytime soon, I propose a humane and efficient way to address this problem: a universal basic income (UBI).
The idea of a UBI is simple. While the details vary from proposal to proposal, the fundamental policy would be that everyone, regardless of employment or occupation, would receive a fixed regular income — enough to cover all basic necessities.
Some of the most prominent political thinkers, such as Thomas Paine and John Stuart Mill, proposed forms of basic income, and even the Nobel Prize-winning, libertarian capitalist economists Friedrich Hayek and Milton Friedman are among the concept’s most prominent advocates.