The Basic Income Guarantee

My partner Albert has begun a series of blog posts on a concept called The Basic Income Guarantee. This is fundamentally different than a minimum wage. It is essentially a safety net for a world where robots will be doing more and more of the manual and difficult labor that has, until now, provided income for unskilled workers.

I don’t have a formed opinion on this idea. I know that welfare didn’t work out too well in the last century. So I’m nervous about any system that encourages or incents people not to work. But if we really are headed into a world where there aren’t any low skilled jobs, then I guess we need to be talking about ideas like this.

All of Albert’s posts on this topic are here.