Thu Sep 24th, 2015 at 01:37:00 PM EST
The Growing Precariat: Why We Need a Universal Basic Income:
Globalisation, technological change, and government policies have produced a class structure with a tiny plutocracy of billionaires coexisting with a dwindling salariat, with employment security, pensions and paid vacations, and a rapidly growing precariat, living bits-and-pieces lives, without occupational careers and experiencing declining real wages. Telling the precariat that they must obtain more schooling and training is disingenuous. Millions are currently over-qualified for the labor and work they can expect to be doing.
A Universal Basic Income is a good first step.
It's only a first step since there is little point in spending tens of millions of dollars or euros a year training scientists only to throw them into the trash once they've gotten their sheepskin.