Universal basic income is the solution to a worsening problem

In a recent piece for The Hill, Gonzalo Schwarz, a fellow at Archbridge Institute, argued that UBI is a solution in search of a problem, citing recent economic stats. Unemployment is low, the stock market is high, and income inequality, Schwarz argues, isn't that big of a deal. However, right now, in the wealthiest country in the history of the world, in the eighth year of an economic expansion, 44 percent of Americans can't afford an unexpected $400 bill. Schwarz even recognizes some of the other big problems facing our country that a universal basic income would solve. He mentions our labor force participation rate -- 63.1 percent -- and the excessive use of disability programs.