Why Universal Basic Income Is a Pipe Dream

Why Universal Basic Income Is a Pipe Dream

There are so many better ways to help people out of poverty.

One future-related proposal getting a lot of attention nowadays is the Universal Basic Income. The idea is to give everybody some money every month — typically something like $1,000 a month. That is not enough for everybody to live luxuriously, but enough for everybody to get by without needing to work. Supporters say it’s needed because the robots will take all the jobs, plus they hope it will raise entrepreneurship. While others say robots are a false alarm, that we’ll have a surplus of jobs so why pay […]

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