What would you do if you never needed to work again? I don’t mean someday, or during retirement, or after hypothetically winning the lottery. I mean right now, in your current circumstances. What if, all of a sudden, you simply started receiving a check or a direct deposit every month that was enough to cover the rent, utilities, and other necessities of life for the average American? What would you do? We are, of course, talking about what generally gets called universal basic income (UBI). In a world with no shortage of direct-payment and in-kind public assistance programs, the suggestion …
Is There an Alternative to Wages?