The rise of so-called smart machines will challenge a fundamental feature of economic life: Most people gain their income by selling their labor. So what will happen when the labor of a large number of workers is displaced by technology or no longer commands an income adequate to provide a minimally decent standard of living?
After veteran reporter Joseph Williams lost his job, he found employment in a sporting-goods store. In a personal essay, he recalls his struggles with challenges millions of Americans return to day after day.
Khannea Suntzu's insight:
“So, your new job,” he said, his irritation coming through the phone as he realized he needed to fill my shift for the week ahead. “They’re hiring you away from here. I guess [you] don’t care about hard work or loyalty.”
Switzerland may start paying every adult (whether they work or not) a salary of over $2000 per month, based on the idea that their citizens will have more time to devote to things they are intrinsically interested in, instead of spending the majority of their time worrying about how they are going
Originally published in the Bangor Daily News on March 4, 2014 I argued previously in a Feb. 4 BDN OpEd that unconditional cash transfers funded by a carbon tax could bring about substantial reductions in extreme poverty globally. But what about the less-than-extreme poverty in developed countries? Is there a case to be made for unconditional cash […]
Jeanina Jenkins, a 20-year-old high- school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald’s Corp. that she calls a “last resort” because nobody would offer her anything better.
I argued previously in a Feb. 4 BDN OpEd that unconditional cash transfers funded by a carbon tax could bring about substantial reductions in extreme poverty globally. But what about the less-than-extreme poverty in developed countries? Is there a case to be made for unconditional cash transfers for them? More [...]
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