Comment: Introducing a universal basic income makes economic sense

Giving everyone a baseline payment does not disincentivise work, and it’s the best way to deal with a technological future

13th September, 2020
Comment: Introducing a universal basic income makes economic sense
One of the reasons for guaranteeing a basic income for all is related to securing consumers for small businesses. Picture: Fergal Phillips.

The extent of the government’s involvement in providing income support to those most affected by the Covid-19 crisis is unprecedented. These interventions provide a political opportunity to overhaul the social welfare system, institute a universal basic income, and prepare for a future of job-altering technological transformations.

A working paper recently published by the Department of Social Protection and Employment Affairs, and the Central Bank of Ireland, opens with a stark statistic. At the...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Susan O’Keeffe: ‘Living with Covid’ strategy emerges as the only realistic option

Nadine O’Regan: ’Tis the season to live in the present

Kathleen MacMahon: The tools of one’s trade are precious things indeed

Nadine O’Regan: The downsides of manifesting your destiny to the world