The economy, work and employment
The economy, work and employment
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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