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Why The Universal Basic Income Is Not The Best Public Intervention To Reduce Poverty or Income Inequality

“The future without work” seems to justify the need to substitute work with basic income because there simply will not be sufficient jobs.

This thesis, however, seems to ignore that historically, there has never been a relationship between technology, productivity, and jobs available. The enormous growth of productivity that has occurred since Keynes’s time has not reduced the number of jobs being produced nor the number of hours that each laborer works. Keynes’s prediction is well-known; he held that, owing to increments in labor productivity, the working week at the beginning of the 21st century would be only two days rather than five. And yet, it is still five. The potential was and continues to be there for reductions of jobs and working time. But it has not happened…
It is impossible to resolve the problems of precarious work and of the precariat without touching on the relation of power, both in the state and in the labor market, between capital and labor. Read more from Vincente Navarro

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