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The 4th Industrial Revolution and the Public Income
Journal of Humanities
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The present paper aims to claim the necessity of the public income along with the basic income. There are worries about the future of the 4th industrial revolution. Although the definition of the 4th industrial revolution is still not clear, it is certain that it shows a huge technological change like other industrial revolutions. The report of the Executive Office of the President of the US (Artificial Intelligence, Automation, and the Economy, 2016) deals with the changes. It develops strategies and policies to respond to those changes. To establish our effective countermeasure against the future of the change, this paper pays attention to the contents of the report. In this report, the most important thing to do for the future is to empower workers to ensure broadly shared growth. Strengthening unemployment insurance, labor unions, and increasing worker’s bargaining power are the key policies. However, compared with past similar policy cases, the effectiveness of these policies should be reconsidered to a certain extent, and it seems necessary to change the position on the basic income that is excluded from these policies. In addition, it should be considered that the basic income is only supplementary policy, and it is necessary to take measures against the change of future society more fundamentally. In this sense, this paper suggests the public income as the cooperative income.
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