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Mark Zuckerberg Calls for Universal Basic Income at Harvard Commencement

The Facebook founder tells graduating class he wants everyone to be given a living salary.

Finance By

The social network founder is a sounding a bit socialist.

During his commencement address at Harvard University Thursday, Mark Zuckerberg called for universal basic income—an economic system which gives people money to live on without stipulations.

The concept of universal basic income has gained popularity lately with advancements in robotics and artificial intelligence. Some fear these innovations will dramatically reduce the global workforce, leaving many unemployed workers without means to support themselves.

Business Insider reports the idea has been experimented with in countries around the world, including Kenya, the Netherlands, Finland and Canada. Not to be outdone by progressive movements elsewhere, San Francisco has also tested out a living salary on a local scale.

“We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful,” Zuckerberg said during his speech.”We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

The Facebook founder and CEO joined a growing chorus of business and thought leaders, like Elon Musk, calling for universal basic income.

Read full story at Business Insider