Star French economist backs call for basic income

Star French economist backs call for basic income

French economist Thomas Piketty pictured in his office in Paris on October 11, 2016. Photo: ERIC PIERMONT / AFP PARIS – A proposal by left-wing French presidential candidate Benoit Hamon for a universal basic income received the seal of approval from star French economist Thomas Piketty on Wednesday.

In an op-ed in the daily Le Monde , Piketty and nine colleagues praised the idea, saying it would be a "key building block" of a fairer economy.

The pledge to pay everyone a living wage has been a hot potato in France’s Socialist primary, which will pit Hamon against centre-left former prime […]

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