Last week, I pondered how society should protect or compensate people whose jobs have been lost to the forces of globalisation or technological change. I did not, however, discuss the most obvious idea of all: that we should simply give people money — a basic income for everyone, regardless of what they do or what they need. It’s the ultimate social safety net.
For an idea that is so far from mainstream political practice, the payment of a basic income has had astonishingly broad support, from Martin Luther King Jr to Milton Friedman. It’s on the lips of the policy wonk community too: the Freakonomicspodcast recently devoted an episode to the case for a universal basic income. The Royal Society for Arts, a venerable British think-tank, has published a report enthusiastically supporting the idea. Dutch journalist Rutger Bregman is just as keen, as outlined in his recent, eloquent book Utopia for Realists.
Policy experiments are also on the way. The charity GiveDirectly has just announced plans to run a randomised trial in which 6,000 Kenyans will receive a basic income for more than a decade. Various Silicon Valley types — with one eye on the looming Robot Job Apocalypse — are making serious-sounding noises about running experiments too. Pilots are planned in Canada and Finland, and the Swiss have a referendum on the topic in June.