The Future Holds More Unemployment, and Our Only Defense Is Universal Basic Income

The Future Holds More Unemployment, and Our Only Defense Is Universal Basic Income

An organizer at Berlin’s basic income march looks at the sound truck. Patrick Maynard@ flickr Coronavirus has given society a peek into the future of capitalism.

Robbed of free-spending customers, economies have seen unprecedented peacetime collapse. Many governments have eased restrictions to let their economies claw back lost growth. With promising reports of vaccines, there’s room for optimism that the pandemic will be under control sooner or later.

Still, coronavirus has made a lasting impact on the global economy. A University of Chicago working paper suggests up to 42% of all jobs lost in the US to coronavirus will not come […]

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