How a universal basic income could stabilize the economy

The idea of a universal basic income may be a potential solution to the current economic and crime crisis in the US and not only.

Though with any new system, such as this one, it is bound to have its positive and negative effects on different sectors of the economy.

This may be the kick-start to a new economic revolution.”.

It also mentions that robotics and automation are becoming popular in the auto and dining industry, the downfalls of cutting back workers and going automated are plentiful, but they can be alleviated by a universal basic income system.

“Instead of a minimum wage, a fixed weekly or monthly income with some criteria guidelines would increase consumer purchases which will stabilize the economy.”

A universal basic income could also make the US economy trillions of dollars larger, permanently, according to a new study by the left-leaning Roosevelt Institute.

As a new report from a consultancy has found, automation will replace up to 80 of today’s jobs by 2030, up to 800 million global workers will lose their jobs by that time and be replaced.

A universal basic income would also be the solution to finally and actually have human rights, such a the right to health and survival.

Andrew Yang is running for President in 2020 and has already promised a universal basic income to get introduced by the time he gets elected.

“Yang, as an American entrepreneur and the Founder of Venture for America, is in a position to know well what the economy and people need, according to him, that’s a universal basic income.”

Tom Frl

Follow me on Twitter: @TomFrl
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