Is Universal Basic Income a viable solution to job displacement caused by technology?

Universal Basic Income (UBI) is an economic policy concept where all citizens receive a regular, unconditional payment from the government, regardless of employment status or income. The idea dates back to the 16th century but gained modern attention during the 20th century through economists and political thinkers exploring poverty reduction and economic stability. In recent years, UBI has been discussed as a potential response to job displacement caused by technology, especially automation and artificial intelligence, which can replace human labor in industries like manufacturing, transportation, and even services. The term "job displacement" refers to the loss of jobs as machines and software perform tasks traditionally done by people. This trend has accelerated with technological advancements, raising concerns about long-term employment opportunities. UBI is proposed as a way to provide financial security as the workforce adapts to these changes.