Universal basic income is becoming an urgent necessity


The 20th century income distribution system has broken down irretrievably. Globalisation, technological change and the move to flexible labour markets has channelled more and more income to rentiers – those owning financial, physical or so-called intellectual property – while real wages stagnate. The income of the precariat is falling and becoming more volatile. And chronic insecurity will not be overcome by minimum wage laws, tax credits, means-tested benefits or workfare. In short, a basic income is becoming a political imperative.

Source: The Guardian

Link: https://www.theguardian.com/commentisfree/2017/jan/12/universal-basic-income-finland-uk

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