Universal basic income
July 28, 2017
“Money for nothin’ and your chicks for free” – Dire Straits, 1985.
How would you like an extra $1,500 in your account each month – courtesy of the government? A University of Oxford study from 2013 estimates that 47 percent of U.S. jobs may be at risk within the next two decades because of artificial intelligence and automation at the hands of robots, further estimating that workers making less than $20 per hour have an 83 percent chance of losing their jobs.
Enter: Universal Basic Income (UBI), providing a minimum payment for each person for life, working or not. Universally ch...