Basic income in the new world order
A BASIC INCOME has been promoted from the left and right for years but nothing has come of it. Maybe new leaders and a new world order will change that.
Sometimes called a guaranteed annual income, it has been supported by progressives and neoliberals alike. Progressives argue that a basic income would help reduce poverty. Neoliberals say it decreases government bureaucracy by combining a number of social services like welfare, child benefits, employment insurance, and Old Age Security into one.
What politicians have failed to do, the leaders of technology may accomplish. They clearly see the loss of jobs due to automation. Elon Musk, CEO of Tesla and Space X, told CNBC in an interview last year:
“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation.”