UBI: Golden Parachute or Fool’s Gold?

UBI: Golden Parachute or Fool’s Gold?

A Dodge Viper undergoes a test at the Flushing Gap Cell area at the Viper Assembly Plant May 8, 2015 in Detroit, Michigan. Bill Pugliano/Getty Images Commentary

As global industries—particularly Western industries—move ever closer to the near-full automation of labor, Silicon Valley is faced with the dilemma of how to provide for the ongoing financial needs of the hundreds of thousands of people expected to be permanently displaced from the eventual (near) jobless manufacturing and service sectors of Western economies.

Among the very few possible solutions, the one they find to have particular potential is a so-called Universal Basic Income […]

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