Much attention has been paid in recent years to ‘universal basic income,’ the progressive policy idea that proponents argue will help societies reduce inequalities and at the same time adapt to job losses caused by increased automation. Much less attention has been paid to the political and economic trade-offs required if countries are to move towards a new welfare system. This really matters if the rhetoric about basic income is ever to become reality.
Interest in basic income has been bolstered by a flurry of basic income-inspired experiments, notably the high profile scheme trial by the Finns which took place […]
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