Futurists tell us that there won’t be enough work in the future because technology will replace workers who now do repetitious or low-skilled work. This has prompted Libertarians (who want smaller government) and Progressives (who want to guarantee a social safety net for workers) to look at the idea of basic income.
Would it be cheaper, more efficient, and more just to give Americans a basic income than to fund a patchwork of social service programs? Hawaii has become the first state in the US to seriously look at the concept of basic income.
Read about it here.
Cross-posted from the Public Banking Institute Blog.