Robert Skidelsky – Minimum Wage or Living Income?


In short, if Osborne is serious about his pledge to provide a ‘living income’ for all, he should be moving towards the idea of a ‘basic’ or ‘citizens’ income,’ one independent of the job market. A simple way forward would be to provide an unconditional ‘tax credit’ to all citizens. This could be built up gradually as the rewards from work fall.

Source: Robert Skidelsky – Minimum Wage or Living Income?