Basic Income: A Sellout of the American Dream

A critical look at the idea of a basic income, from a US perspective, arguing that costs and perverse incentives outweigh potential benefits – unemployed people given a basic income will tend to sleep and watch television, rather than develop new skills or seek new kinds of work. The premise of the article, though, is that new jobs are still being created, and that there is no evidence of structural unemployment from automation, so the implications if that were to happen are not explored.

David Freedman – MIT Technology Review

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