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Heiner Flassbeck disagrees: Basic Income


(Pro UBI) argument is that, today, the technological evolution is destroying so many jobs that there is no longer any other choice than to decouple income from work. This argument is absurd for many reasons, but mainly because productivity nowadays is rising much slower than several decades ago. If, one day, productivity would increase substantially again, it will be both possible and necessary to increase wages. The working time can be reduced in small incremental steps and problems associated with demand can be solved accordingly(...). This means that there is no ground for such a major step as the implementation of a UBI.


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