Silicon Valley’s push for universal basic income is — surprise! — totally self-serving

Silicon Valley's push for universal basic income is — surprise! — totally self-serving

Mark Zuckerberg, CEO and Founder of Facebook, gives the commencement address at Harvard University in Cambridge, Mass. on May 25. (Lisa Hornak / EPA) Just a year ago, proposing a concept like universal basic income could practically get me laughed off the stage at a tech industry conference. The idea that everyone should be guaranteed a minimum subsidy from the government seemed to go against every fundamental tenet of creative destruction: Don’t reward the obsolete! Force people to evolve! If workers lose their jobs to automation, retrain them for new ones!

From the perspective of Silicon Valley’s executives, only a […]

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