To proponents of the Silicon Valley school of thought on UBI, basic income is a tool to ensure public buy-in to the tech industry’s idea of an automated future in which people are mainly useful as consumers rather than as workers. Photo: Mint With figures ranging from 33-year old Facebook chief executive officer (CEO) Mark Zuckerberg to 90-year-old Nobel Prize-winning economist Vernon Smith endorsing a universal basic income, the idea may soon enter the US political mainstream. But Americans are being sold on a dangerous version of the UBI, designed as a resource rent rather than a product of […]
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