The case against universal basic income4 min read . Updated: 26 Jan 2017, 04:24 PM IST
At this stage of development, there is no reason why the government should transfer cash to the entire population
The need for providing a basic income to all citizens is being discussed actively in various parts of the world. One of the reasons why the idea is gaining more attention in the developed world these days is the increasing use of robots in the industrial sector. As automation increases, the fear is that more people will find it difficult to get jobs. Moreover, the thought is to give all citizens a basic income that will allow them to live with dignity, irrespective of their earning capability. However, opinion remains divided and voters in a rich country like Switzerland rejected the idea by an overwhelming majority in 2016.