Is the introduction of a universal basic income (UBI) an effective solution to the problems associated with technological unemployment, or does it lead to economic inefficiency and a decline in work motivation?
Dear Researchers, Scientists, Friends,
In the face of increasing automation and robotisation, many jobs are becoming redundant, raising concerns about the future of employment. The concept of a universal basic income is based on the idea that every citizen receives a certain amount of money, regardless of their professional situation. Proponents of the UBI claim that it will minimise the effects of technological unemployment and ensure a dignified life for citizens. Critics, on the other hand, point out that UBI can lead to higher taxes, a decrease in work motivation and a burden on the state budget. According to the accepted research thesis, a universal basic income can effectively mitigate the negative effects of technological unemployment, but its long-term impact on the economy depends on the model of its financing. Experiments in Finland and Canada suggest that a UBI can improve citizens' quality of life and reduce the stress associated with job loss, but at the same time its impact on economic activity is ambiguous. The high financing costs of UBI require thorough economic analyses, especially in the context of the future of taxes and income redistribution. Interdisciplinary research combining economics, psychology and social sciences can help assess whether UBI is indeed the future of social systems or just a utopian idea.
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Dariusz Prokopowicz