Can an EU-Wide Basic Income Be Part of the Solution to the Unemployment Crisis?

Abstract

This paper hopes to present the basic income as a viable alternative to the status quo in Europe, where many crisis-beset countries are experiencing record-high rates of unemployment. It does this by drawing a historical arc over policies, which it sees the BIG as a continuation and fruition of, and additionally makes some moral arguments for the introduction of the BIG. A survey of literature is presented on the topics of labor force effects of a BIG and the financing of a BIG.