Obama Supports Basic Income

President Barack Obama speaking at the Nelson Mandela Annual Lecture said these words:

It’s not just money that a job provides; it provides dignity and structure and a sense of place and a sense of purpose. (Applause.) And so we’re going to have to consider new ways of thinking about these problems, like a universal income, review of our workweek, how we retrain our young people, how we make everybody an entrepreneur at some level. But we’re going to have to worry about economics if we want to get democracy back on track.

Several news outlets interpret this as support for a universal basic income.

A couple of links:

Social media reacted. This tweet has appeared in several articles

The endorsement is an important and interesting development, and indicates yet another step to the idea of basic income becoming a sort of “common sense”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s