No - basically it’d be like social security for everyone. You can still work and receive income from a job while receiving social security. The general idea is it would replace all other forms of welfare. It’s too expensive at this point to do but *if* 50-70% of net jobs are eliminated over the next 50, 100 years due to automation/robotics - governments will be forced to provide one or face revolution.
I'm guessing "robot repair tech" will be a job in high demand pretty soon. Unless they invent robots that wil do that too or self-repairing robots.
I have thought about the same thing. If one assumes such an outcome then what follows IMO is communism and then one world communism. A “1984” type deal. There will be a remnant of rebellious souls like us around clashing with the “machine”.