What Will Life Be Like under a Basic Income Guarantee?

Abstract

Maybe, but if there is, we’ll regard that as good, not bad.

What we want are not jobs; we want productive jobs. We want jobs that will enable us to produce goods and services we consum e at a minimum expenditure of effort. In a way, the appropriate national objective is to have the fewest possible jobs, that is to say, the least amount of work for the greatest amount of product.

—Milton Friedman, Capitalism and Freedom (Chicago, IL: Chicago University Press, 1962)