A Closer Look

A Universal Basic Income (UBI) for a post-work economy

Many are now calling for a “universal basic income” (UBI)—where the state gives everyone enough to Universal Basic Incomelive on. This would put a floor under the class of people we’re calling the “precariat,” people for whom work doesn’t lead to increased financial security. It would free us from the bullshit, allowing everyone to benefit from automation, not just the lucky few. And it would leave us more time for creative, fulfilling things, enjoying the “abundance” that new technology affords (think how useful and cheap computers are today and imagine what they might let everyone do in the future). There are several UBI trials planned in Finland, Switzerland, and Canada (and, indeed, several reasons why the idea is attractive).

Critics of UBI says it’s unaffordable, impractical, and liable to lead to millions of layabouts living off the government dime—and perhaps they’re right. These criticisms are reasonable. But before dismissing UBI too quickly, it’s important to consider the idea not in the context of our current economy, but of what the economy could become in the future. UBI is not so much an idea for now; it’s an idea for an economy where capitalism isn’t as socially productive as it’s traditionally been.

Chosen excerpts by Job Market Monitor. Read the whole story at  Welcome To The Post-Work Economy | Co.Exist | ideas + impact

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Discussion

5 thoughts on “A Universal Basic Income (UBI) for a post-work economy

  1. Yes this unemployed vn vet thinks this is a grt idea. VN Vets got royally screwed coming home. Many vets stiffed w labor jobs. Employers negated our training & experience. Now in our 60s & trying support/care for elderly parents. Basically impossible! This isnt american dream for us its our american nightmare. This isnt living its bareknuckle existance! We defended america & united nations! And both raped us vets & thru us in the ditch. Highly embarrassed & ashamed cant provide more for 81 yo mother. So i feel vn vets should b considered First!! Particularly unempyd vn vets.

    Posted by Tom Turnbo | January 9, 2017, 3:49 pm
  2. Yes this is a noble idea. And after all the hate & discrimnation against vn vets & families, these unemployed unsung heros should be first. Until you’ve walked in our shoes you dont know how we’ve been mistreated. Our families suffered as well. The least that should be done is a monthly pay for the crap US & UN forced vets to endure. Our parents could rest in peace knowing our sacrifice wasnt WASTED & FORGOTTEN. Seems too many mill & bill aires forgot who sacrificed!

    Posted by Tom Turnbo | March 31, 2017, 9:17 am

Trackbacks/Pingbacks

  1. Pingback: Universal Basic Income in US – The Economic Security Project (ESP) commits $10 million over the next two years “to explore” it | Job Market Monitor - December 10, 2016

  2. Pingback: Finlande – Test d’un revenu de base universel à 780$ (560 euros) | Job Market Monitor - December 14, 2016

  3. Pingback: Job Market Monitor - April 6, 2017

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