Universal basic income: money for nothing?

Universal basic income: money for nothing?

As technology developers rush to create ever more sophisticated machines to replace a wide range of jobs, a new dream for society is gaining momentum.

That dream is based on the concept of a “universal basic income” whereby every citizen receives a guaranteed income to cover basic needs, that is unconditional and has no strings attached.

The concept is currently being spearheaded by the entrepreneurs and technology giants of California’s Silicon Valley, but the idea has a long history of proponents on the left and right of the political spectrum. Free money? What’s not to love? For those on the […]

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