There is an increasing push to implement some form of Universal Basic Income (UBI), especially among tech elites who believe that advances in robotics and artificial intelligence will bring about mass technologically-driven unemployment. Andrew Yang, the founder of Venture for America, is running for president on the belief that a UBI will resolve many of the woes of the losers of economic transition in recent decades. There is something to be said for the idea of UBI as a more efficient replacement for today’s bureaucratic welfare systems. And if it were somehow feasible, it would certainly attest to the […]
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