Q&A · 4:52:35-4:53:11

When universal basic income might make sense

The case for UBI depends on automation raising output and income per worker enough to support a simpler universal payment.

Question

Under what conditions might universal basic income make sense?

Short answer

It is not yet necessary in his view, but extensive automation could eventually make UBI simpler and more sensible than a complicated benefits system.

Notes

Current conditions do not yet require a universal basic income. Automation could change that judgement. Highly automated factories and systems might make a universal payment a sensible investment. A UBI could also be easier to administer than a complex collection of separate benefits. The decisive variables are productivity and the income generated per worker, so the conclusion remains conditional rather than certain.