In case you missed them, here’s a few pieces I’ve recently written and published in Knowable magazine, Technology Review magazine, and Inside Science. Thanks as usual to my excellent editors! I’m only posting brief excerpts here, so if you’re interested, please check out the whole thing using the links below.
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The complexities of a universal basic income
It’s a hot topic under political debate: providing cash grants as a social safety net. Small programs hint at how it might work — or not — on a national scale.
“Universal basic income” was for a long time an obscure term bandied about in economics circles. That’s no longer the case. The idea, usually involving a monthly cash grant to every person with no strings attached, has entered mainstream discourse.
Former US presidential candidate Andrew Yang made it a main plank of his campaign. Occupy Wall Street activists called for it in their social movement. Some economists and policymakers — amid concerns about job insecurity in an age of rapid automation and the widening income gap between rich and poor — are seeking big solutions. And the idea has reemerged with the current Covid-19 pandemic that has wiped out the income of many workers practically overnight.
Many political leaders support at least expanding current income-assistance programs — a much-talked-about idea in the lead-up to the recent Democratic presidential primaries. These existing programs focus on specific groups: people who are underemployed, disadvantaged or have a low income, including those who are elderly, disabled or have children. But a universal basic income would go further. It would remove all conditions on the payments, giving a measure of security without the stigma sometimes associated with current programs…
[Read the entire interview with economist Hilary Hoynes in Knowable magazine, published on 3 April.]