How Hyperautomation Will Necessitate UBI in 10 Years’ Time

For most people, technology is moving too quickly. In the past, automation took over repetitive tasks, but still required human beings for oversight and decision-making. Now, with ‘hyperautomation’ AI, machine learning, and robotics together to optimize entire workflows, whole industries are on the verge of transformation. Jobs once considered untouchable—from legal analysis to customer service—are now in the cross-hairs.

The Speed of Automation and AI

One thing is clear: fewer people will be needed to do the same amount of work. Businesses will run more effectively, but workers face a historically unprecedented shift in employment opportunities. Those who do not quickly move to high-tech or creative roles may struggle to achieve a stable income, forcing us to rethink how societies support individuals within an economy driven by machinery.

When Traditional Jobs Shrink in the Future

Most economic models assume that people will always be employed to support themselves. But as hyperautomation scales up, this assumption turns into a great unknown. Companies are being encouraged by market forces to reduce labor costs, and AI systems have advanced to the point that they increasingly outperform humans in more and more domains. The gig economy and digital workspaces have both provided alternatives, but these too will be affected as automated systems take on tasks that freelancers and contractors currently carry out.

How UBI Is A Logical Step

Universal Basic Income (UBI) is not a new theory, but hyperautomation will render it a necessity rather than any kind of experiment. When corporations eliminate their need for human workers, economies will be in serious trouble unless people have regular spending power. No compensation means no consumption, and without anyone to buy anything, the economy will slump. UBI acts like a stabilizing agent, making sure that people have enough money to survive and keep participating in the market when traditional jobs are gone.

Some people argue that free money will destroy people’s willingness to work, but when there’s really not enough work to go around then this argument falls apart. If anything, UBI could enable people to study new subjects or to start something of their own without the unforgiving pressure just to stay alive. It wouldn’t replace the drive of ambition, but it would give people time to adjust to a world where most human labor has been taken over by AI and automation.

It will also mean more leisure time, which could majorly combat some of the problems people are facing today, like burnout. Suddenly, people would find themselves with many more hours free each day, and the choice of how to spend them. 

This might take a myriad of different forms – you might become a painter or a gardener, or you might decide you’re going to plow many hours into your favorite video game and become an absolute pro, something few of us currently have time for. We can see a world in which people get really good at playing – for example – strategic crypto casino games, honing their bluff skills or their blackjack strategy to perfection. Of course, some people are already doing this in today’s world, and you’ll find a myriad of immersive online crypto casino games if you want to try your hand at it, but a lot of folks don’t have nearly as much time to commit to this as they’d like to. If we weren’t working five days a week or sometimes even more, that would change and we’d have a lot more time to get fantastically good at poker, baccarat, craps, or anything else.

How Companies And Government Will Adapt

The shift to hyperautomation is happening, ready or not. Governments and big businesses are going to have to rethink their traditional roles in how wealth gets allocated. Some businesses are experimenting with models of work that aren’t based on direct wage laborers, such as partnership and stock ownership structures instead. However, these attempts solve only part of the problem.

As this analysis shows, hyperautomation is not just about substituting human workers; instead, it applies to all aspects of operational efficiency. This means that even in industries previously accepted as surefire fields for the future, like healthcare, banking, and software, development will go through tremendous changes. Governments have to step in, not to halt the march of automation but to arrange economic policy around it. It is unlikely that widespread unemployment can be allowed to precipitate social breakdown.

The Way Ahead

Hyperautomation is now happening. In the next decade, the chasm between those who do well in a world driven by artificial intelligence and those who do not will widen unless proactive measures like UBI are adopted. The most important hyperautomation question to answer is not whether it will disrupt society, but rather whether society can adapt in time to avoid widespread financial instability.

Work’s future is changing more quickly than most people are aware. For the individual, the greatest strategy is to stay in the lead by learning different skills and integrating automation rather than competing with it. However, at a societal level, a larger safety net is inevitable, with UBI soon going from theoretical idea to economic necessity. This will ensure that as machines do more of our work, humans do not get left behind.

With UBI offering a sense of financial security, activities that have been motivated by the struggle to survive will no doubt be supplanted by more joyful endeavors such as creation, learning, and gaming in a whole range of contexts. When people aren’t confined to jobs just to cover food and rent, they can devote their lives to the search for new knowledge and new opportunities, redefining accomplishments at a time when the majority of routine work is likely to be automated.