Can a Universal Basic Income Program Mitigate the Consequences Fuelled by the Fourth Industrial Revolution?

Can a Universal Basic Income Program Mitigate the Consequences Fuelled by the Fourth Industrial Revolution?

We have witnessed the uprising of three industrial revolutions that have changed the ways of manufacturing and producing goods. Through introducing new gateways to improve the efficiency of market mechanisms, the revolutions have resulted in increased urbanization and initiated new business models. Today, most developed countries find themselves in the third phase , denoted by an era of digitalization and information technology. More than ever, high-skilled labour is being demanded and conventional manpower can now be replaced by machinery in many industries.

One of the key topics at the 2017 World Economic Forum in Davos was the emergence of the […]

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