Barack Obama suggests cash handouts be considered to address workforce challenges

Ex U.S. President Barack Obama is the latest public figure to raise the idea of free cash handouts from the government.

In his most significant address since leaving office, the 44th President suggested on Tuesday that cash handouts, or universal basic income, ought to be considered as a partial solution to the challenges presented by workforce upheaval created by technology and automation.

“The biggest challenge to workers in countries like mine today is technology,” Obama said as he addressed more than 10,000 people gathered in Johannesburg, Sudafrica, to honor the 100th anniversary of Nelson Mandela’s birth. Read More…