Why don’t people want free money? The uncertainty around universal basic income

Gwynne Dyer’s latest book is Growing Pains: The Future of Democracy (and Work).

There is a remarkable lack of enthusiasm for free money.

A recent poll asked people in the work force to rank their preferences: a higher minimum wage; legally enforced profit-sharing by employers; direct government subsidies to wages; and a universal basic income (UBI). Most of them put UBI in last place.That’s not really surprising. People who cannot imagine a different economic environment are naturally reluctant to break the link between work and compensation. But if we are moving toward a future where work is not available for half […]

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Why don’t people want free money? The uncertainty around universal basic income

Why don’t people want free money? The uncertainty around universal basic income

Gwynne Dyer’s latest book is Growing Pains: The Future of Democracy (and Work).

There is a remarkable lack of enthusiasm for free money.

A recent poll asked people in the work force to rank their preferences: a higher minimum wage; legally enforced profit-sharing by employers; direct government subsidies to wages; and a universal basic income (UBI). Most of them put UBI in last place.That’s not really surprising. People who cannot imagine a different economic environment are naturally reluctant to break the link between work and compensation. But if we are moving toward a future where work is not available for half […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.