“Money for nothing” is not just a song from 1985 by Dire Straits but also, it seems, a new wave of policies supporting the government providing an income for citizens, regardless of their economic activity.
Across the world, experiments in universal basic income explore the option of paying individuals a flat rate of income, unaffected by their participation in the labour market. It sounds counter-intuitive.
The first expectation may be that recipients would just stay at home and watch daytime television. But a closer look at how economies have changed over recent decades shows how the case for such policies emerged. […]
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