Is the World Ready for a Guaranteed Basic Income? (Update)

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 (brynjolfsson.com), professor of economics at Stanford University.
• Evelyn Forget (umanitoba.ca/medicine/faculty-staff/evelyn-for…), professor of economics and community health sciences at the University of Manitoba.
• Sam Altman (blog.samaltman.com), C.E.O. of OpenAI.
• Robert Gordon (economics.northwestern.edu/people/directory/ro…), professor emeritus of economics at Northwestern University.
• Greger Larson (arch.ox.ac.uk/people/larson-greger#tab-615061), professor of archeology at the University of Oxford.

• RESOURCES:• "Here's what a Sam Altman-backed basic income experiment found (cbsnews.com/news/sam-altman-universal-basic-in…)," by Megan Cerullo (CBS News, 2024).
• Utopia for Realists, (thecorrespondent.com/utopia-for-realists) by Rutger Bregman. The Correspondent (2016).
• The Second Machine Age (amazon.com/The-Second-Machine-Age-Technologies…), 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 (jstor.org/stable/23050182)," by Evelyn Forget (Canadian Public Policy, 2011).
• "The Negative Income Tax and the Evolution of U.S. Welfare Policy (inequality.stanford.edu/_media/pdf/Reference%2…)," by Robert Moffitt (Journal of Economic Perspectives, 2003).
• Capitalism and Freedom (amazon.com/Capitalism-Freedom-Fortieth-Anniver…), by Milton Freidman (2002).
• "Lesson from the Income Maintenance Experiments (bostonfed.org/economic/conf/conf30/conf30.pdf)," (Federal Reserve Bank of Boston and The Brookings Institution, 1986).
• Law, Legislation and Liberty, Volume 3: The Political Order of A Free People (amazon.com/Law-Legislation-Liberty-Volume-Poli…), by Frederick Hayek (1981).
• "Daniel Moynihan and President-elect Nixon: How charity didn't begin at home (nytimes.com/books/98/10/04/specials/moynihan-i…)," by Peter Passell and Leonard Ross (New York Times, 1973).
• "Income Maintenance Programs (jec.senate.gov/reports/90th%20Congress/Income%…).pdf)," (Hearings Before The Subcommittee On Fiscal Policy Of The Joint Economic Committee Congress Of The United States, 1968).

• EXTRAS:• "President Nixon Unveils the Family Assistance Program (youtube.com/watch?v=6vHYFzYvCak)," (1969).
• "Milton Friedman interview with William F Buckley Jr (youtube.com/watch?v=xtpgkX588nM).," (1968).
• "Martin Luther King Jr. advocates for Guaranteed Income at Stanford (youtube.com/watch?v=BY1OKSObkH0)," (1967).

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