The high stakes of a universal basic income

The high stakes of a universal basic income

While there’s growing recognition across the board that new forms of income support are needed, the idea of a truly universal basic income attracts strong resistance from South Africa’s business sector and sections of the state, notably the Treasury.
For a very large proportion of South Africans, paid work is neither a viable nor sufficient basis for dignified life. Official unemployment, according to the more realistic expanded definition, is more than 44%, and close to one-third of people with paid work are not earning enough to afford basic living expenses. Current economic and social policy models are failing to […]

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