As a response to the wave of rationalisation brought about by the digitisation of the economy, several analysts are championing a universal basic income (UBI) that would be paid to citizens regardless of income and assets. It would be financed by dismantling the present social security systems that – allegedly – would no longer be needed after the introduction of a UBI. Minimum wages and collective agreement would also be unnecessary if a UBI were to be introduced.
The end of work is not in sight. Employment rates in most countries have risen in recent years and there are so many unmet needs in the world that there will be sufficient employment opportunities in future as well…
SOURCE: Gerhard Bosch. “Can a universal basic income offer protection against the uncertainties of the labour market?” IAQ-Standpunkt, 2018.
Produced by the librarians at the Brotherhood of St Laurence in Melbourne, Australia