Universal basic income is not unemployment’s silver bullet

Heikki Hiilamo is Professor of Social Policy at the University of Helsinki and author of Household Debt and Economic Crises . Hiilamo, with his team, was responsible for designing a participation income model for Finland.

Discussions around universal basic income have sparked global enthusiasm for the notion. The fight for social justice dominates its proponents’ discourse on the matter, while policymakers remain more interested in its alleged positive effects on employment and income generation. With automation and robots poised to destroy jobs but create work, would basic income help to secure employment in the future?

The concept of basic income […]

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