Opinion | Universal Basic Income: Why the most popular solution to automation-driven problems fails in the long-run

Opinion | Universal Basic Income: Why the most popular solution to automation-driven problems fails in the long-run

There seems to be little doubt now; the forces of automation are presenting a catastrophe of major job losses for huge swathes of the working class within the near future. This could put untenable amounts of people on the streets looking for work, unless some sort of welfare measure is put forth to mitigate this. The most popular measure being considered right now is the concept of a Universal Basic Income (UBI), in which the state hands individuals a certain amount of money to be spent or used without any strings attached. Yet, it seems that such a mitigating […]

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