Technological Unemployment, Basic Income, and Well-being

6 Concluding remarks An alternative/complementary policy proposal

DOI: 10.4324/9781003309529-7

This chapter is largely devoted to a summary of the main conclusions reached in the preceding parts of the book and outlines a possible alternative solution to technological unemployment and its consequences that can perform better than Basic Income in securing happiness. The proposed solution builds upon some of the psychological principles that govern the impact of technological unemployment on individuals’ well-being and consists of a policy mix that combines a Basic Income that rises over time, mandatory quotas of workers to be hired by private firms, the possibility for these firms to trade their quotas and a reduction in per-capita working ...