8 August 2018

The Guardian: Universal basic income hasn’t made me rich. But my life is more enriching

The Finnish basic income trial, of which I am part, finishes at the end of the year. Having been interviewed by nearly 70 separate media outlets, from the BBC to Le Figaro, the question I have been asked most often has been: how has the basic income trial changed my life? My answer is simple. In money terms, my life has not changed at all. However, the psychological effects of this human experiment have been transformative. I vastly prefer basic income to a benefits system fraught with complicated forms, mandatory courses and pointless obligations. [...]

The idea is that temporary and part-time work is becoming increasingly common, which may mean there is also a growing interest in social security models that support the acceptance of such work. The basic income trial has indeed resulted in work for myself and many other participants, from IT experts, artists and commerce professionals to new graduates. And there is little doubt that the trial benefits people in creative fields, freelancers, people doing expert work and project workers – an ever-increasing number of people. [...]

Basic income models do come with a small increase in taxation. For a large number of employed people this will, however, be compensated for by the basic income. As more people manage to find work while supported by basic income, taxation for everyone can be eased. In terms of purchasing power, basic income would have a predominantly positive effect as it would help people in low-income jobs the most. The critics fear that basic income will make people lazy. However, limited evidence from several basic-income trials from around the world prove that people use basic income to improve their quality of life and not as a licence to do nothing. Research has shown that unemployed people do not have a low motivation for work. Neither is it justified to say that unemployment on a large scale is the result of an unwillingness to work. The isolated cases of lazy, work-averse individuals so eagerly highlighted by the media do not represent the situation accurately.

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