Who needs a dollar? The concept of a ‘universal basic income’ (UBI) has gained the support of a surprisingly diverse bunch, for leftists like Jeremy Corbyn to tech giants Elon Musk and Mark Zuckerberg. As the name suggests, UBI involves handing out a fixed sum every week or month to the entire population – no strings attached. It’s probably the first revolutionary idea of the 21 st century that’s shown any sticking power.
In many ways, UBI is an attempt to find an answer to the most pressing questions plaguing politicians and economists: What do we mean by ‘work’ in […]
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