At present, the numbers of people claiming welfare because their skillset has been superseded by automation are vastly exceeded by the number of people on federal minimum wage jobs or choosing not to be employed...
And that's even before you look at the distributional impact of the subsidy (the benefits from cheaper labour tend to accrue to a subset of business owners; the cost of subsidising it is shared across all taxpayers, with the net burden probably falling on middle class wage earners)
If a government were to decide that preserving jobs in a particular automation-threatened industry/locale were worthwhile due to the difficulty of finding alternative occupations, a targeted subsidy per job would be far more efficient
Do you mean a mix of printing money and taxes -- e.g., just outright abandoning the idea of independent central banking and separation of monetary policy from fiscal policy and using a mix of directly printing money and regular taxation to fund the benefit?
If so, I think that's a poorly conceived idea that, in the best case, has no advantages from running monetary policy independently with similar priorities to those that drive it in principle now (managing inflation and unemployment), while paying UBI out of general government funds while funding the government through a mix of taxation and debt as now.
(edit:typo)