Friday, July 6, 2018

Who Really Stands to Win from Universal Basic Income?

In 1795, a group of magistrates gathered in the English village of Speenhamland to try to solve a social crisis brought on by the rising price of grain. The challenge was an increase in poverty, even among the employed. The social system at the time, which came to be known as Elizabethan Poor Law, divided indigent adults into three groups: those who could work, those who could not, and those—the “idle poor”—who seemed not to want to. 

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