Will a universal basic income (UBI) work? One only has to look back at the GI Bill, which was put in place after World War II that established free college education for ex-military members and very low-interest rates on home loans. In fact, when I purchased my first home, I paid $40 down to cover closing costs and with a payment on a newly built three-bedroom, two-bathroom with a den, fire place 1,600 square foot home for $160 a month payment on $19,000 plus taxes and insurance. After about seven years, I sold the home for $48,000. This was my UBI and there are many more who got their middle class start by using the GI Bill, which even paid $350 a month to go to college three-quarters of the time.This made it possible for me to start a sheet metal shop, which twenty-nine years later provided me with a union pension. All of this was made possible with the GI Bill, which very closely resembles a UBI. Just think what $1,500 or $2,000 a month would do for everyone. Maybe they’d be able ...
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.