The concept of Universal Basic Income has received a lot of news coverage lately. Icons of industry like Richard Branson, Mark Zuckerberg and Elon Musk have all voiced their support for this “social-security-for-all” type system. With the increases in automation and technology, billionaires like Musk say Universal Basic Income will become “necessary” given the mass unemployment in the near future.
Around the world, locations like Finland, Namibia and even Hawaii are experimenting with a form of basic income. Alaska has had a similar system for over 30 years where Alaskans receive an annual dividend payment … just for being Alaskans.Continue reading “What is Universal Basic Income?”