Is the World Ready for a Guaranteed Basic Income? (Update)
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A lot of jobs in the modern economy don’t pay a living wage, and some of those jobs may be wiped out by new technologies. So what’s to be done? We revisit an episode from 2016 for a potential solution.
- SOURCES:
- Erik Brynjolfsson, professor of economics at Stanford University.
- Evelyn Forget, professor of economics and community health sciences at the University of Manitoba.
- Sam Altman, C.E.O. of OpenAI.
- Robert Gordon, professor emeritus of economics at Northwestern University.
- Greger Larson, professor of archeology at the University of Oxford.
- RESOURCES:
- "Here's what a Sam Altman-backed basic income experiment found," by Megan Cerullo (CBS News, 2024).
- Utopia for Realists, by Rutger Bregman. The Correspondent (2016).
- The Second Machine Age, by Erik Brynjolfsson and Andrew McAfee (2014).
- "The Town With No Poverty: Using Health Administration Data To Revisit Outcomes of a Canadian Guaranteed Annual Income Field Experiment," by Evelyn Forget (Canadian Public Policy, 2011).
- "The Negative Income Tax and the Evolution of U.S. Welfare Policy," by Robert Moffitt (Journal of Economic Perspectives, 2003).
- Capitalism and Freedom, by Milton Freidman (2002).
- "Lesson from the Income Maintenance Experiments," (Federal Reserve Bank of Boston and The Brookings Institution, 1986).
- Law, Legislation and Liberty, Volume 3: The Political Order of A Free People, by Frederick Hayek (1981).
- "Daniel Moynihan and President-elect Nixon: How charity didn't begin at home," by Peter Passell and Leonard Ross (New York Times, 1973).
- "Income Maintenance Programs," (Hearings Before The Subcommittee On Fiscal Policy Of The Joint Economic Committee Congress Of The United States, 1968).
- EXTRAS:
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A lot of jobs in the modern economy don’t pay a living wage, and some of those jobs may be wiped out by new technologies. So what’s to be done? We revisit an episode from 2016 for a potential solution.