Tag: Universal Income

Universal Income May Grow the Economy in the Face of Automation

With the coming work revolution wherein many low skill and repetitive jobs will be replaced by machines or software, we need to start thinking about how to address the coming crisis. Massive unemployment would spell disaster for the United States and other economies worldwide. One potential solution is known as Universal Basic Income. The concept recently became even more attractive after a new study shined a favorable light upon it. The United States …
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What is Universal Income?

Universal Income is a sort of social welfare program where all citizens receive a certain amount of money from the government regardless of any other stipulation outside of citizenship (or possibly permanent residency depending). This means regardless of income or employment, citizens would expect a check similar to a pension system but without the requirement to be retired. Usually this also coincides with a drastic slashing of other social welfare …
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