For decades, the idea of universal basic income has been relegated to the policy fringes, dismissed as a pie-in-the-sky ideal far removed from the hard-nosed realities of a capitalist, workaday world – but no more. With politicians increasingly feeling the populist heat from voters angry about economic dislocation, governments are quietly coming around to a radical rethink of social welfare policy. International Business Times chief editor Peter S. Goodman offers up a digestible, jargon-free overview of the debate. getAbstract recommends his insights to anyone looking for an easy entry point to an increasingly relevant policy discussion.
In this summary, you will learn
- How to define universal basic income,
- Why policy makers are giving the idea a closer look, and
- What both advocates and detractors have to say about the concept.
About the Author
Peter S. Goodman is the editor in chief of the International Business Times.