Universal basic income has been a buzzphrase of 2017.
A recent McKinsey report on what the future of work will mean for jobs, skills and wages revealed some worrying news.
An estimated 800,000 full-time equivalent positions in Singapore and 23% of our current work activities may be potentially displaced by automation by 2030 (which will arrive in about 12+ years’ time). Source: McKinsey The report also mentioned 4 key areas all societies need to address, of which one was providing income (such as Universal Basic Income) and transition support to workers. What is Universal Basic income and will it work in […]
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