Connecting the basic income to education.

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In this article I will discuss the problem of the accelerating pace in technological development and how this affects employment, because we all know, people are losing their jobs as automation takes over. Which means we have to consider the idea of Universal basic income (UBI). However, this would bring another problem to life, namely that people would have too much free time. And boredom could be a very dangerous factor.

First, let’s start with how it will affect the workers. Although lots of jobs will disappear because of technological advancement, there will be new ones created as well. For example, the new robots will need mechanics and technicians to maintain them, also the need for engineers and programmers will be even higher as more and more companies decide to turn to automation. But for those who lose their position it will not be reassuring enough because they will have to gain more education and training to be competitive and be able to apply for these new positions. While plenty of people will be able to retrain themselves, in my opinion the most unemployed will not be able to and this is where UBI comes in mind.

Universal basic income is a government program in which every adult citizen is provided a set amount of money regularly. Which would be very expensive, and it may bring up new problems in the society as it would increase the number of people who don’t even want to work at all. There are ideas similar to this one where the money is only provided for a specific part of the society, and I’d like to express mine and exchange opinions on how it would or would not work out.

What if the basic income would be in connection with studying. The issue of lack of education has always existed, because the lack of knowledge and a narrow overview of the world makes it much easier for either far-right or far-left movements to gain popularity. But if we connected the basic income to studying and by that those who lose their job had the opportunity to study for money it may widen their view of the world.

It could be about studying a language and having regular exams to monitor how well somebody is proceeding in his/her studies. Also, those who are moving faster in their studies would get higher income in comparison with those who are less willing to. Of course, the other way would be that everyone can study whatever they want and become professionals in various fields from gardening to computer science, which would not only be beneficial for them, but on the long run the government could gain professionals in fields where there is a need for them and possibly help talented people to rise from poverty. As those who go through the program become successful in their chosen career, they might get a new job in the chosen field and pay possibly even higher tax than before. Education is becoming even bigger business everyday so this would be a factor that could drive a government and even help their education to become better.

However, I found no study supporting the idea that people would be more willing to study than to work and if they would be so, what exact investment would it be for the government to execute this program. Would it really pay off?!

I wanted to share this idea with you to exchange opinions on the pros and cons, so please let me know your thoughts in the comment section.