A Basic Income Is Smarter Than a Minimum Wage

Governments brave enough to try basic income may be able to abandon labor  market regulation.

A way in from the cold.

Photographer: Michael Gottschalk/AFP/Getty Images

Just as the U.K. raises its minimum wage and as Bernie Sanders's demands for a 50 percent increase in minimum pay keep winning him votes in the U.S., some politicians in one of the world's most socialist countries, Sweden, are in favor of going in the opposite direction. They could be right, especially if nations can find a way to unhitch basic subsistence from work.

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