A secure minimum income is a concept that has been around at least since the late 1960s. While the merits of providing everyone with a minimum income have been debated for many years, the practicality of the government providing it to the people has been non-existent at least until recently. This is because the many services that government provides already, including welfare, healthcare, and the like are taking up so much in terms of money that simply providing every person with a minimum income seems like a simpler solution.
How to provide a secure, minimum income for individuals who live in poverty? How can it be achieved without damaging the fabric of society?
The Role of Artificial Intelligence
What was once limited to science fiction, Artificial Intelligence (AI) has now become a part of the internet in helping businesses grow. The role of AI currently is to identify the patterns of users so that businesses can better target their advertising and marketing efforts. However, the future of AI is virtually limitless given its amazing growth so far on the web. Here are just a few reasons why AI is having a powerful impact on consumers when the go online.
Better Ad Targeting: You may notice that many of the ads you see are from sites you have visited or products where you have demonstrated an interest. The expansion of AI has resulted in better targeting of adverts that appeal to you.
Greater Understanding: Thanks to AI, you can now find out more about a product, service, or industry in less time than before. Because it shapes your search for information, the AI can provide you with faster results to broaden your understanding of the subject.
Stronger Bonding: AI provides for a stronger bonding experience when it comes to interacting with companies both large and small on the web. This means greater trust when it comes to finding out the information needed for future growth.
The Future of Economic Growth
For those in the low-income bracket, the future looks bright thanks to the many avenues available to help people make money through Microsoft, Google, Tesla, and other companies dedicated to providing economic access to the power. The advancement of artificial intelligence combined with the free market of the internet is today providing answers that governments have been attempting to do for centuries. Big online companies such as Google and Microsoft for example can use their considerable pull to provide the following;
- Open more opportunities for low income people
- Provide more accessibility so that opportunities are recognized and exploited
- Set livable salaries for those who exist in poverty
While the idea of a secure, minimum income has been around for several decades, it may come true thanks to the internet and the ability of large online companies to provide opportunities for millions of people who otherwise would be limited in how they could earn a living.