A multi-tier social protection system must be based on a modest basic income so as to enable the precariat to build lives involving a balance of different types of work, not just labour in jobs.
This quote highlights the importance of a fundamental income floor that provides financial security to those in precarious employment. By establishing such a system, individuals gain the freedom to pursue diverse forms of work beyond traditional employment, fostering flexibility and resilience. It emphasizes that social protection should not only address immediate needs but also empower people to shape their lives creatively and sustainably. A modest basic income can serve as a catalyst for reducing inequality, encouraging entrepreneurship, and supporting social mobility, ultimately contributing to a more balanced and inclusive economy.
