These days, all kinds of sensible and brilliant people, from Elon Musk to the prime minister of Finland, are voicing support for universal basic income. The idea of giving everyone—or at least some people—enough to lift them out of poverty without having to work some menial job is very of the moment. Executives like Musk are asked about it all the time, and executives like Musk generally think it's a good call; the tech elite are some of the idea's most enthusiastic supporters.
But among economists—who presumably would need to be on board if a basic income were to become mainstream policy—support is far from universal. They generally see the idea as appealing in theory, but unworkable, expensive, or creating the wrong type of incentives in practice. They worry it will stop people from working, and generally from participating in society. When the IGM Economic Experts Panel—which surveys economists from "the most elite research universities" on policy questions—asked economists about basic income, the response was noticeably negative....Co.Exist
Economists Are Not Very Enthusiastic About The Idea Of A Universal Basic Income