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Why universal basic income could help us fight the next wave of economic shocks
Until six weeks ago many hung on to the vague idea that people’s relationship with work divided them along binary lines: into winners and precarious losers; “aspirational” types and those who were dependent on the state; and those who had either adjusted to globalisation or were the casualties of it. But if any of this was ever true, the coronavirus crisis has surely consigned most of it to history. Insecurity is now at the heart of tens of millions of lives. Put another way, the “precariat” has suddenly expanded to denote a potentially universal condition.