Evidence Shows The Need For A Universal Basic Income
Evidence and fact based policy are at the core of the Futurist Party.
Many of us were taught at a young age that those who receive entitlements are lazy and “stealing” money from the rest of us because they are taking tax payer money. Obviously they could find a job we were told, they just don’t want to.
Recent US college graduates are some of the most educated humans in history yet 48% are working at jobs that require less than a four-year college degree. If college graduates are taking low paying jobs, where are those without college degrees supposed to work? The Labor Force Participation Rate suggests many are dropping out of the labor market because they can’t find work.
The Futurist Party is a forward thinking party that doesn’t look 1-5 years into the future but looks 10-50 years into the future. We are currently undergoing an automation revolution. This oxford paper shows 47% of jobs are at high risk of being automated by 2034. Can we replace another 66 million jobs? Most jobs can be broken down into a repetitive series of steps, and automated systems are much cheaper than human labor. Computers are also getting smarter. IBM’s Watson can debate and is better at identifying cancer than human doctors. What else will it learn in the next 20 years? Next 50 years?