We have been keeping an eye on new economy concepts. The passage of a guaranteed basic income would be an indicator of progress towards some of the novel concepts. So, I awaited the results of the Swiss referendum last week with interest. It’s the first national-scale referendum. It called for adults to be paid an unconditional monthly income, whether they worked or not. It would have given all adults about $2,500 a month (2500 Swiss Francs), and kids about $625 a month. Early polls suggested a split public. But the final result turned out much differently: nearly 77% opposed the plan and only 23% supported it.
An interesting tidbit from a supporter, Che Wagner of Basic Income Switzerland, argued that “In Switzerland over 50% of total work that is done is unpaid. It’s care work, it’s at home, it’s in different communities, so that work would be more valued with a basic income.” Alas, his countrymen didn’t agree….yet.
For many, I’m sure, there was a sigh of relief. While I’ll confess to mild disappointment, it may have been for the best (if you’re a supporter). My reasoning is that this concept is still a bit too radical for the world we are living in, and that if it passes “too soon,” it might stimulate a counter-reaction that would be even more damaging in the long term.
This is not the end. There are other efforts underway. The Finnish government is planning an experiment where up to 100,000 people could get about $1,100 a month. Four Dutch cities are likely to run trials. And several other cities and states, from Canada to Spain, are interested. So, we’ll keep our eyes peeled and look for next signals of change. Andy Hines
Sources:
“Switzerland’s Voters Reject Basic Income Plan,” BBC News, June 5, 2016.
Ben Schiller, “Switzerland Will Hold the World’s First Universal Basic Income Referendum,” Fast Company, February 5, 2016.
Gary says
There was a real world experiment in the 1970’s in Canada called Mincome. Data indicates that the program delivered, but politics terminated the effort.
A recent overview about “Why don’t we have universal basic income?” is online:
http://www.newyorker.com/magazine/2016/06/20/why-dont-we-have-universal-basic-income