Biden rejects universal basic income idea popular in Silicon Valley [View all]
Source: The Hill
Former Vice President Joe Biden is criticizing the universal basic income idea that is gaining traction in Silicon Valley, and is arguing instead that the U.S. needs to "build a future that puts work first."
"Our children and grandchildren deserve the promise we've had: the skills to get ahead, the chance to earn a paycheck, and a steady job that rewards hard work," Biden wrote in a blog post for the Biden Institute at the University of Delaware.
Some prominent voices in the technology industry, such as Facebook CEO Mark Zuckerberg and Salesforce CEO Mark Benioff, have recently championed the idea of a universal basic income. Supporters of the idea have argued that a guaranteed income from the government could help people in light of concerns about job losses due to technological advances.
But Biden said that there's a "better way forward" and that policymakers should prioritize work.
Read more: http://thehill.com/policy/finance/351186-biden-rejects-universal-basic-income-idea-popular-in-silicon-valley
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