Under what conditions might universal basic income make sense?
Short answerIt is not yet necessary in his view, but extensive automation could eventually make UBI simpler and more sensible than a complicated benefits system.
NotesCurrent 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.