Universal Basic Income Analysis

The future is now. Robots control the job market. Amazon Go has hunted cashiers to extinction. There are now fewer and fewer jobs a robot cannot do better. You feel threatened. This isn’t the future we rushed forward at 88 miles per hour towards…was it? Fortunately, as of right now, no. Robotic automation is a looming threat, and some counter that threat with a concept called Universal Basic Income, or UBI. UBI aims to provide a source of livable income to those who generally cannot work. In relation to automation, UBI would cover costs that low-skill workers (now automated) depended on. But is UBI a step in the right direction? Most see too many variables to attempt reaching an answer. For all intents and purposes, Universal Basic Income will
Most would tend to believe that UBI is a smart move, but Trevir Nath of NASDAQ (an American stock exchange) disagrees and provides his thoughts on the matter. He believes, “Simply put, a basic income sounds noble, but in practice it would be very costly”. While true, UBI on paper could offset the deficit in the United States given enough time, in practice UBI falters. In example, Finland attempted a UBI transition, and received almost nothing but negative results. Furthermore, Senior health policy journalist Sarah Kliff and her associate Byrd Pinkerton of Vox have evidence to disprove UBI. In their article, they interview Andy Stern, a former national Union Leader. Sterns, “[thinks] it's … unfeasible in a ... world that, at the moment, politically, is controlled at a federal level by Republicans that we're going to hold on to the things that Bob says we need to improve upon”. In essence, Stern’s argument is against UBI making it through the political systems, preventing it from entering practice. Universal Basic Income is a troublesome topic, with many aspects to consider; but based on the trend of various commentary, Universal Basic Income is not doomed to fail, but doomed to
Seeing as how we are now supplying every citizen in America with free money, and that money has come from somewhere, the US’s debt is guaranteed to increase. Furthering discussion from Mr. Henley’s Guardian article, the topic of Universal Basic Income’s price tag continues. Henley