Universal Basic Income Based on Experience of Different Countries
Journal Title: Globalization and Business - Year 2017, Vol 3, Issue 3
Abstract
Automation brings new opportunities and new challenges to the economy. Economic environment is changing with fast pace and this has a huge impact on labor market. Problem of employment is becoming more challenging as robo technologies are replacing labor force. Economists started looking for solutions to this problem and one solution they are considering is universal basic income. The idea of distributing equal income to every citizen has caused different reactions in economists. Even if wages from working makes the income different, many look at the program skeptically. Nonetheless, the idea is being tested in different countries and the results will show how widely the universal basic income may be implemented. Though, more pragmatic approach to the problem would be to help workers adjust their effort towards occupations that would be more demanded in future economy.
Authors and Affiliations
QUJI BICHIA
Keywords
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