Open AccessUniversal Basic Income Based on Experience of Different Countries
Author(s) -
Quji Bichia
Publication year - 2017
Publication title -
globalizac'ia da biznesi
Language(s) - English
Resource type - Journals
eISSN - 2449-2612
pISSN - 2449-2396
DOI - 10.35945/gb.2017.03.026
Subject(s) - pace , basic income , economics , work (physics) , labour economics , automation , business , market economy , engineering , mechanical engineering , geodesy , geography
Automation brings new opportunities and new challenges to the economy. Economic environment is changing with fast pace and this has a huge impact on labor market. Problem of employment is becoming more challenging as robo technologies are replacing labor force. Economists started looking for solutions to this problem and one solution they are considering is universal basic income. The idea of distributing equalincome to every citizen has caused different reactions in economists. Even if wages from working makes the income different, many look at the program skeptically. Nonetheless, the idea is being tested in different coun- tries and the results will show how widely the universal basic income may be implemented. Though, more prag- matic approach to the problem would be to help work- ers adjust their effort towards occupations that would be more demanded in future economy.