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[Music] if the pandemic proved one thing its that our economy is broken the people who do the jobs we most depend on had already suffered wage stagnation and were now most exposed to covet on the front lines and to financial hardship in the lockdowns politicians everywhere are promising to build back better so now must surely be the time we try to make our economy work for everyone one idea for how to do so is universal basic income or ubi its sometimes derided as free money for the idea is that the government should give everyone a regular amount of money no strings attached so that they never need to fear for their economic security during the pandemic the u.s actually did this and sent several checks to almost everyone in the country but checks in the mail forever may sound ridiculous to you and the cost of it even more so certainly many academics and many of my ft colleagues disapprove of basic income we shouldnt be giving people a handout because ultimately that doesnt help
