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29-Jan-2018 06:36

The fastest growing component of household income since 1959 has been ‘transfer payments’ from government.

By the turn of the 21st century, 20 per cent of working Americans would be eligible for food stamps.

No one can doubt the moral significance of the movement.

But at this rate of pay, you pass the official poverty line only after working 29 hours a week. Working a 40-hour week, you would have to make an hour to reach the official poverty line.

For centuries – since, say, 1650 – we’ve believed that it builds character (punctuality, initiative, honesty, self-discipline, and so forth).

We’ve also believed that the market in labour, where we go to find work, has been relatively efficient in allocating opportunities and incomes.

If you were raised to believe that work is the index of your value to society – as most of us were – would it feel like cheating to get something for nothing?

e already have some provisional answers because we’re all on the dole, more or less.

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The market in labour has broken down, along with most others.The real question is not whether but how we choose to be.