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Income Without Work
Video

Income Without Work

The Future of Work Summit

The Atlantic, 2016

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Editorial Rating

8

Qualities

  • Innovative

Recommendation

In June 2016, the Swiss rejected a proposal to be the first nation to introduce a universal basic income, an idea that received little public or political support. But at a time when machines are vanquishing human labor, the introduction of a universal basic income may eventually prove necessary, and microexperiments in basic income are cropping up globally. In conversation with journalist Steve Clemons, writer Scott Santens describes his personal pursuit of a basic income and discusses ways to scale the model. While Santens’s findings may disturb those who recoil at the idea of socialism, getAbstract applauds his innovative approach to investigating solutions to a pending problem.

Take-Aways

  • As machines eliminate many types of employment, a universal basic income could extend income security to all people.
  • Some 60% of Americans feel insecure in their employment. Such anxiety can foster ill health and impede productivity.
  • A basic income extends peace of mind to recipients, granting them the means to cover their rudimentary costs of living even if they lose their jobs. It also recognizes that traditionally unpaid work, such as caring for dependents, is valuable work.

About the Speakers

Writer Scott Santens advocates for a universal basic income. Steve Clemons is an editor at large for The Atlantic.