WHEN I TOLD my oldest son I was writing about universal basic income (UBI), he said, “All I know is that the Silicon Valley guys are pushing it, so it must be bad.” And he had a point. UBI has entered U.S. political debate most prominently as Silicon Valley’s favorite solution to a problem mostly of its own creation—massive permanent job loss due to artificial intelligence and robotics.
Under a universal basic income policy, all U.S. citizens would receive from the government a regular, permanent payment of, say, $1,000 per month, regardless of their other income or employment status. It […]
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