The concern that many people will refrain from searching for employment with a subsidy is not unique to UBI — means-tested welfare programs present this moral hazard too. In his article in The New Yorker, Nathan Heller contextualizes the debate on universal basic income, framing it around the historical development of the idea of a guaranteed income for all. In examining the growing appeal associated with a disruption in the existing system because of shifting job opportunities, Heller acknowledges the danger of equating bipartisan support to similar factors of motivation on each side, as well as the economy’s role […]
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