Why universal basic income?
Change in working environment
Redistributes money from capital to labor
Even if technology doesn’t lead to high unemployment, it may well lead to lower wages and greater inequality. Capital – equipment and machinery that helps to produce things – is now creating a greater share of output compared to labour – human workers. This allows business owners, who own the capital, to pay workers the same or less while more is produced, so they make more profit for themselves. We are already seeing that output per worker is increasing, while workers’ wages are not. In the long term, this will mean that business owners make more and more money, while those who don’t own capital will make less and less. Basic income alleviates this by taxing the rich (who will probably own capital) and giving money to the poor (who probably won’t), even if they can’t find a job.
Reduces the gender "pay gap"
Prevents generational theft.
Increases number of people in jobs they enjoy
Improves mental and physical health and security
More room for negotiation, more market, less survival anxiety
Increases bargaining power for workers
Lowers need for government regulations on the labour market
Increases charitable work and academic research.
Much work in the charitable sector and other vocations (e.g. open-source programming, academia, or the arts) is socially beneficial but not profitable, so people have to do it in their spare time, along with a traditional job. A basic income would allow these people to spend more time on work that is socially beneficial but unprofitable for the individual.
Less bureaucracy, more options
With basic income the jungle of bureaucracy and rules can be diminished. This reduces the influence of the state and strengthens citizens.
- National workplace regulations become partly obsolete
- it takes less job protection
- statutory minimum wage is unnecessary because everyone can negotiate confidently
- state pension can be rethought and reorganized
- state interference is no longer through social programs into personal rights
- people are treated mature
- the state doesn’t need to define criteria and check upon them before it grants money. This streamlines the bureaucracy
- all state welfare systems can be eliminated up to the amount of the basic income
A basic income promotes the economic performance
- People who like to work, work more productive and are less sick
- There is more incentive to develop good robots to take over the unloved work
- People can increasingly devote creative, coordinating, planning, artistic, solidary or manual work, which they love to do and that can not be done by robots. This increases performance and improves results.
Thanks to digitization and automation working time declines and sets lifetime free. A basic income can enable people, to fill these open spaces with their innovative ideas. While today the paternalistic state usually checks the individual needs before any financial assistance is granted, a basic income promotes the autonomy of the people and makes that part of the income unconditional, which is necessary to live and be part of society.