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. <ul><li>SOURCES:<ul><li><a href="https://www.brynjolfsson.com/">Erik Brynjolfsson</a>, professor of economics at Stanford University.</li><li><a href="https://umanitoba.ca/medicine/faculty-staff/evelyn-forget">Evelyn Forget</a>, professor of economics and community health sciences at the University of Manitoba.</li><li><a href="https://blog.samaltman.com/">Sam Altman</a>, C.E.O. of OpenAI.</li><li><a href="https://economics.northwestern.edu/people/directory/robert-gordon.html">Robert Gordon</a>, professor emeritus of economics at Northwestern University.</li><li><a href="https://www.arch.ox.ac.uk/people/larson-greger#tab-615061">Greger Larson</a>, professor of archeology at the University of Oxford.</li></ul></li></ul> <ul><li>RESOURCES:<ul><li>"<a href="https://www.cbsnews.com/news/sam-altman-universal-basic-income-study-open-research/">Here's what a Sam Altman-backed basic income experiment found</a>," by Megan Cerullo (CBS News, 2024).</li><li><a href="https://thecorrespondent.com/utopia-for-realists/">Utopia for Realists,</a> by Rutger Bregman. The Correspondent (2016).</li><li><a href="https://www.amazon.com/The-Second-Machine-Age-Technologies/dp/0393239357/ref=as_li_ss_tl?ie=UTF8&linkCode=sl1&tag=freakonomic08-20&linkId=2efae8813abd00df2f0242f64a3839c6">The Second Machine Age</a>, by Erik Brynjolfsson and Andrew McAfee (2014).</li><li>"<a href="https://www.jstor.org/stable/23050182">The Town With No Poverty: Using Health Administration Data To Revisit Outcomes of a Canadian Guaranteed Annual Income Field Experiment</a>," by Evelyn Forget (Canadian Public Policy, 2011).</li><li>"<a href="http://inequality.stanford.edu/_media/pdf/Reference%20Media/Moffitt_2003_Policy.pdf">The Negative Income Tax and the Evolution of U.S. Welfare Policy</a>," by Robert Moffitt (Journal of Economic Perspectives, 2003).</li><li><a href="http://www.amazon.com/Capitalism-Freedom-Fortieth-Anniversary-Edition/dp/0226264211">Capitalism and Freedom</a>, by Milton Freidman (2002).</li><li>"<a href="https://www.bostonfed.org/economic/conf/conf30/conf30.pdf">Lesson from the Income Maintenance Experiments</a>," (Federal Reserve Bank of Boston and The Brookings Institution, 1986).</li><li><a href="http://www.amazon.com/Law-Legislation-Liberty-Volume-Political/dp/0226320901">Law, Legislation and Liberty, Volume 3: The Political Order of A Free People</a>, by Frederick Hayek (1981).</li><li>"<a href="https://www.nytimes.com/books/98/10/04/specials/moynihan-income.html">Daniel Moynihan and President-elect Nixon: How charity didn't begin at home</a>," by Peter Passell and Leonard Ross (New York Times, 1973).</li><li>"<a href="http://www.jec.senate.gov/reports/90th%20Congress/Income%20Maintenance%20Programs%20Volume%20II%20(423).pdf">Income Maintenance Programs</a>," (Hearings Before The Subcommittee On Fiscal Policy Of The Joint Economic Committee Congress Of The United States, 1968).</li></ul></li></ul> <ul><li>EXTRAS:<ul><li>"<a href="https://www.youtube.com/watch?v=6vHYFzYvCak">President Nixon Unveils the Family Assistance Program</a>," (1969).</li><li>"<a href="https://www.youtube.com/watch?v=xtpgkX588nM">Milton Friedman interview with William F Buckley Jr</a>.," (1968).</li><li>"<a href="https://www.youtube.com/watch?v=BY1OKSObkH0">Martin Luther King Jr. advocates for Guaranteed Income at Stanford</a>," (1967).</li></ul></li></ul> Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.

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