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 Inc…