The idea of a universal basic income, a guaranteed minimum payment for all citizens, is gaining momentum as a potential solution for an increasingly stratified society—one in which technology and other forms of progress generate enormous wealth for some and unemployment and economic despair for others.
Despite trials in the 1960s and 1970s in the US, Canada, and India, we still don’t know if it reduces poverty while enhancing the quality of life. The earlier experiments, although promising, were incomplete and inconclusive.
The latest benefactor to invest in proving out the idea is eBay founder Pierre Omidyar. On Feb. 7, the […]
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