The present model for economic development neither ensures full employment nor guarantees social stability.
Technological advance leads to gains in productivity, but creates few employment outlets.
Profits which could enable working hours to be shortened are used, instead, for speculation. There is need to explore new forms of economic and social development. In its broadest conception, the basic income is a social benefit allocated on equal and unconditional terms to each and every citizen. The present framework for the distribution of wealth is obsolete. Work is currently the only source of revenue, bringing with it the security of health insurance and a pension.