If companies are faced with the choice between:

- employ you at 60k/yr

- replace you with a machine that costs a lot of money, and also send you UBI of 60k/yr

It should be obvious the latter is not an option that is ever going to happen.

What if the machine in this context is 3x as productive as you?

The solution to the subsequent devaluation of labor, and ability for tech oligarchs to pocket the cash instead, will not be found in capitalism.

Unless we are all to become serfs, a new way to distribute resources needs to be on the table.

UBI is a salve, offered to keep victims of the system out of abject poverty. It is too little, too late.

The problem is, companies will go for the third route: hire a company in India to launder AI. It has already worked out once with the offshoring wave.