Universal basic income was a popular topic in the U.S. before COVID-19 — in a theoretical sense. Now a pandemic is providing a tragic preview of some of the conditions UBI was conceived to address. And, though there are some important qualifications, COVID-19 is making UBI look better.
Up until a few months ago, the argument for UBI was that the rate of automation and productivity growth would be increasing faster than the rate of job creation. Artificial intelligence is often cited as a harbinger of mass layoffs. Those concerns are largely overblown, but — so the thinking went — […]
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