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Why we need a Citizen's Basic Income$
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Malcolm Torry

Print publication date: 2018

Print ISBN-13: 9781447343158

Published to Policy Press Scholarship Online: January 2019

DOI: 10.1332/policypress/9781447343158.001.0001

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The economy, work and employment

The economy, work and employment

(p.35) Three The economy, work and employment
Why we need a Citizen's Basic Income

Malcolm Torry

Policy Press

This chapter examines the changing employment market in the UK and suggests that a Citizen's Basic Income is appropriate to any future scenario. It first considers the economic efficiency of a Citizen's Basic Income and how a Citizen's Basic Income would facilitate a more flexible employment market, resulting in a more efficient allocation of labour, and thus in a more efficient economy. It then discusses the effects of a Citizen's Basic Income on employment with respect to the so-called precarity trap, marginal deduction rates, part-time employment, choice in employment patterns, and education and training. It also explains why a Citizen's Basic Income is appropriate to any future employment market and concludes by outlining how, by disconnecting work and income, it would ascribe value to all kinds of work, thus creating a level playing field between paid employment, care work and voluntary activity in and for the community.

Keywords:   employment, Citizen's Basic Income, economic efficiency, precarity trap, marginal deduction rate, part-time employment, education, work, income, care work

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