Given the expected loss of jobs due to increasingly innovative artificial intelligence and automation (Frey and Osborne, 2013), calls are being made for governments around the world to introduce a universal basic income. In Australia, the government already spends in excess of $158 billion in 2016-17 on social security and welfare (Klapdor and Arthur, n.d.) and forgoes revenue of around $40 billion to support the superannuation system (The Treasury,2018). The study will draw on the international evidence, including trials such as Finland's, to assess the feasibility of introducing universal basic income in Australia.
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