Universal Basic Income

glasgow_finnieston_areaNews that Scotland is considering implementing a universal basic income (UBI) scheme came just as I was finishing reading Ryan Avent’s excellent The Wealth of Humans . as background for my sabbatical project. Avent is a proponent of UBI, while also recognizing some of its faults. I am too, because UBI can not only reduce poverty, but can also support both early stage entrepreneurs and artists. Avent notes that UBI could free people to “support a socially valuable (if frequently unprofitable) life producing art or music, or craft goods or services.” UBI could likewise support early stage entrepreneurs who would not otherwise enter the market with an innovative new product because of both the opportunity cost and risk to basic subsistence. UBI can fill in the gaps created by automation (think about the supplemental income that will disappear when Uber buys a fleet of self-driving autonomous cars). Finland begins its UBI experiment this month. The world is watching; the arts sector, especially, should be.

(Photo by innoxiuss – Somewhere under the rainbow, Finnieston area of Glasgow, CC 2.0)

About lindaessig

Linda Essig is director of Enterprise and Entrepreneurship Programs at the Herberger Institute for Design and the Arts at Arizona State University, including its award-winning arts entrepreneurship program, Pave: http://pave.asu.edu The opinions expressed on creativeinfrastructure are her own and not those of ASU. You can follow her on twitter @LindaInPhoenix and "like" the Pave Program in Arts Entrepreneurship at http://www.facebook.com/pages/pave-program-in-arts-entrepreneurship/386328970101 Find Pave's journal, Artivate, at http://artivate.org
This entry was posted in Arts entrepreneurship, arts infrastructure, Arts policy, Culture and democracy, Institutional Infrastructure and tagged , , , , , . Bookmark the permalink.

2 Responses to Universal Basic Income

  1. arlenegoldbard says:

    Thanks, Linda! Your readers should know that a universal basic income is one of the ten points in Standing for Cultural Democracy: The USDAC’s Policy and Action Platform. They can download it here: http://usdac.us/platform. Happy new year!

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