FINANCIAL TIMES: Universal basic services are more important than income

Press / Media: Expert comment

Release date: 4/4/2017

Description

Once in a generation, an automation scare triggers a bout of enthusiasm for a universal basic income — a payment made to all citizens regardless of work, wealth or their social contribution. Today’s discussion of the merits of UBI echoes similar debates in the 1960s and 1990s. But the appeal of this palliative for the replacement of humans by machines is misplaced.

Media coverage

TitleUniversal basic services are more important than income
Media name / outletFinancial Times
Media typeWeb
CountryUnited Kingdom
Date4/04/17
DescriptionOnce in a generation, an automation scare triggers a bout of enthusiasm for a universal basic income — a payment made to all citizens regardless of work, wealth or their social contribution. Today’s discussion of the merits of UBI echoes similar debates in the 1960s and 1990s. But the appeal of this palliative for the replacement of humans by machines is misplaced.
URLhttps://www.ft.com/content/734e8fe6-1880-11e7-9c35-0dd2cb31823a
PersonsDiane Coyle

Keywords

  • basic income, benefits, economics