This year’s election in Italy was shocking. The populist, anti-establishment Five Star Movement party emerged from obscurity to become the largest party in government. Its central campaign plank was to pay a Universal Basic Income (UBI) to every citizen of Italy. Italy has long suffered from mass unemployment. The new government is fulfilling its campaign promise: it has introduced a UBI of €780 per person, every month, in its draft 2019 budget.
Technology is Destroying Jobs
Economists have often wrongly predicted that technology will destroy jobs. Today, a widely held view is that technological advances will make up for […]
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