A Basic Income for all: the answer to financial insecurity

The growing lack of job security, including intermittent employment or underemployment, which has arisen from the global spread of neoliberal capitalism, has led to the emergence of a social class – the ‘precariat’ – whose lack of a reliable income leads not only to poverty and lack of time control, but also to a damaging insecurity of identity. This development has become a serious issue in the 21st century. Guy Standing is Professorial Research Associate at SOAS, and a founder and co-President of the Basic Income Earth Network (BIEN). He describes the precariat as an agglomerate of several different social groups, notably immigrants, young educated people, and those who have fallen out of the old-style industrial working class, and he has been at the forefront of thought about Basic Income (a regular cash transfer from the state, received by all individual citizens) for the past thirty years. His latest book covers in authoritative detail its effects on the economy, poverty, work and labour, and dissects and disproves the standard arguments against it. Professor Standing has held Chairs at the Universities of Bath and Monash (Australia), was previously Director of the Socio-Economic Security Programme of the International Labour Organisation, and is a Fellow of the Academy of Social Sciences. He lectures in many countries, and is the author of numerous books, including A Precariat Charter: from denizens to citizensand most recently The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay (London, Biteback, 2016) and Basic Income: And How We Can Make It Happen (London, Penguin, 2017).  See Guardian articles.

Monday 4th June 2018