Universal Basic Income is Not an Innovation Policy
— June 6, 2017
By Robert Seamans
During his recent commencement address at Harvard, Facebook’s Mark Zuckerberg expressed his support for UBI and stated that we should “make sure that everyone has a cushion to try new ideas.” While Zuckerberg’s comments are well intentioned, and while UBI may have many other benefits described below, UBI is not a good policy for stimulating innovation or entrepreneurship. If we are serious about stimulating innovation and entrepreneurship, there are other policies with a record of success that we should consider first.
Read the full article as published by Forbes.
Robert Seamans is an Associate Professor of Management and Organizations.