Five reasons why universal basic income is a bad idea

Ian Goldin – Financial Times

This opinion piece gives a punchy account of reasons to oppose the introduction of a universal basic income – which makes it useful as a clear statement of one side of the argument, though at the expense of a more balanced assessment. Interestingly, three of the five reasons given are to do with work incentives and the role of work in supporting self-worth. In the context of the wage-based economy which has dominated industrial societies that may make sense – but prompts the interesting further questions about whether they are universally applicable and will survive the next rounds of work automation.

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