working poor Viewminder/Flickr

Minimum Wage or Living Income?

As robots increasingly replace human labor, humans will need incomes to replace wages from work. That is why the idea of an unconditional basic income, long advocated by free-market and socialist thinkers alike, is a measure whose time has come.

LONDON – Most rich countries now have millions of “working poor” – people whose jobs do not pay enough to keep them above the poverty line, and whose wages therefore have to be subsidized by the state. These subsidies take the form of tax credits.

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