Stephen Kinsella on policy response

Stephen Kinsella on policy response

The second policy response to fast-paced changes in the nature of work and its attendant rise in earnings inequality is to set up a universal basic income programme. This is money everyone gets transferred into their bank account every month, regardless of their age or income level. Think of it as child benefit, but for everyone.

Globalisation is a process of connection. It connects markets for goods, services, labour and ideas. Technological changes – mostly around getting the internet to more people across an increasingly connected world, and machine translation, allowing people in Malaysia to work with people in Sri Lanka and people in Ireland – mean workers in high-income countries are about to be exposed to much higher levels of wage competition. This trend is not in doubt; it is...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post