Curing the ‘Ghost Island’: Why Taiwan Needs Basic Income

Ask any college-aged student in Taiwan about their financial security, and they will likely tell you they have none. Many others will say they are trying to leave the island-nation altogether.

This insecurity reflects Taiwan’s stagnating wages , long work hours and growing income inequality in an economy that was once remarkable for its ability to develop in an equitable fashion.

The spirit of Taiwan as an “Asian Tiger” is gone and, for many, Taiwan is becoming a “ Ghost Island .”The entire world is approaching what I call the automation cliff. It is the point where escalating automation eliminates a […]

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