Is Guaranteed Income for All the Answer to Joblessness and Poverty?

Is Guaranteed Income for All the Answer to Joblessness and Poverty?

Credit: manopjk Getty Images Everything old is new again, as the saying goes, including the controversial idea that the solution to economic upheaval is free money.

Universal basic income (UBI), a social policy that guarantees a fixed, unconditional stipend to all members of a designated group or entire country, has been kicked around for centuries by thinkers from Thomas Paine to Milton Friedman. Now it is experiencing new life as autonomous vehicles, artificial intelligence and other advancing technologies rattle labor markets and foreshadow a future in which there simply may not be enough jobs for everybody who wants one.

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