On Income

Geoff Crocker ()
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Geoff Crocker: Basic Income Forum

A chapter in Rethinking Income and Money, 2025, pp 7-42 from Springer

Abstract: Abstract This chapter examines the relationship between automation, income, and inequality. I postulate that increasing automation reduces waged income, necessitating an increase in social welfare. I then explore the structural causes of income inadequacy, highlighting how technological advancements decrease labour demand and exacerbate wage inequality. Using UK data, I illustrate the growing disparity between high-income professionals and low-wage workers, showing the failure of work and current welfare policies to mitigate poverty. I propose a hybrid income system combining a low universal basic income with increased targeted welfare with reduced conditionality, to address these challenges.

Keywords: Automation; Wage inequality; Labour share; Social welfare; Universal basic income (UBI); Targeted welfare; Conditionality; UK income data; Poverty; Hybrid income system (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-77782-0_2

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DOI: 10.1007/978-3-031-77782-0_2

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