Rethinking Universal Basic Income: Economic Productivity, Quality of Life and the Sustainable Development Goals
Recent concern about the uncertain impacts of artificial intelligence has fueled renewed discussion of universal basic income (UBI). As in the past, much of the conversation depicts UBI as a policy expedient aimed at relieving the adverse effects (presumably inescapable and impending) of technological unemployment. We must, however, rethink the main purpose of UBI. It is a sound policy initiative quite independent of the technology question. By aligning with many of the United Nations Sustainable Development Goals (SDGs), UBI could be a global game-changer. Appreciating this, however, requires looking beyond growth in gross domestic product as the predominant indicator of economic progress.
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