UBI is gaining attention as a potential response to AI-driven job loss. Guaranteed income pilot programs are showing benefits—yet critics question their cost and long-term effects.
Sweeping job losses from AI could spark a wave of withdrawals from the stock market and make government checks a necessity, ...
Tax Notes contributing editor Carrie Brandon Elliot discusses the rising interest in universal basic income, especially as ...
The current cost-of-living crisis, high interest rates and the ensuing economic contraction have disproportionately hit low-income households. And for many low-income workers, the future remains ...
A number of versions of this idea have been proposed. There have also been a number of experiments with the idea, and at least one very rigorous study of the effects. I’ll get to some of that below.
One of my pet economic ideas of the past few years is that unconditional cash transfers as a step toward a universal basic income should be strongly considered either as a complement or substitute for ...
As artificial intelligence threatens to wipe out jobs, the idea of a basic income paid to everyone without conditions is ...
See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. A proposed measure to create a universal basic income program which ...
As global wealth inequality deepens and automation threatens to usher in a new form of technology-driven unemployment, many nations, from the wealthy and industrialized to the still-developing, are ...
Free money makes people less likely to work. If common sense doesn’t convince you of that, a new study should. In July, a National Bureau of Economic Research paper looked at the effects of a ...
San Francisco software company OpenAI spent the last three years quietly helping fund a program that handed out up to $1,000 a month to low-income Americans, one of the largest studies ever conducted ...
The idea of universal basic income (UBI) is to provide a regular cash payment to all members of a community without any work requirements or other preconditions. Andrew Yang, a candidate in the 2020 ...