Obama endorsed the idea of a universal basic income

Former U.S President Barack Obama while delivering the 16th annual Nelson Mandela Lecture at the Wanderers stadium endorsed the idea of a universal basic income.

The former President talked about the issues workers are already starting to face due to automation and robots mentioning solutions like the universal basic income.

“We’re going to have to consider new ways of thinking about these problems like a universal income”, Obama said.

He also mentioned that we need to re-think about how we teach young people and review the work-week in order to face with the evolution of technology and work in general.

The former President also warned us about “strongmen politics” which are undermining democracy,

“I am not being alarmist, I’m simply stating the facts. Look around — strongman politics are ascendant, suddenly, whereby elections and some pretense of democracy are maintained, the form of it, where those in powers seek to undermine every institution or norm that gives democracy meaning.”, he said.

Obama also explained that work “It’s not just money that a job provides”, “It provides dignity and structure and a sense of place and a sense of purpose. So we’re gonna have to consider new ways of thinking about these problems, like a universal income.”

Tom Frl

Twitter: @TomFrl
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