Summary of A Basic Income for All

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As new technologies continue to encroach on low-skilled jobs, the notion that societies inevitably will have to introduce universal basic incomes is making strides. At 2017’s World Economic Forum, a panel of experts discussed the social, economic, political and moral issues that permeate this debate. getAbstract recommends the conversation to policy makers, economists and social entrepreneurs who wish to remain a step ahead of a socioeconomic crisis.

In this summary, you will learn

  • What social, political, economic and moral factors influence the feasibility of a universal basic income;
  • Why distinguishing between “ethical” and “compensatory” arguments for a universal basic income is important; and
  • How governments could fund universal basic income programs.
 

About the Speakers

Tamzin Booth is The Economist’s business editor. Guy Standing is a co-president of the Basic Income Earth Network. Michael Sandel is a professor of political philosophy at Harvard University. Neelie Kroes is a former EU commissioner for competition. Amitabh Kant is the CEO of NITI Aayog, an Indian governmental think tank.

 

Summary

Several sites around the world are experimenting with the idea of a universal basic income, a “government payment to all citizens, either as a supplement to or a replacement for paid working income.” The motivations for a universal basic...

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