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 • , 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: • " President Nixon Unveils the Family Assistance Program • ," (1969). • " Milton Friedman interview with William F Buckley Jr • .," • (1968). • " Martin Luther King Jr. advocates for Guaranteed Income at Stanford • ," • (1967).

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