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What 122 Universal Basic Income Experiments Actually Show
What 122 Universal Basic Income Experiments Actually Show
Authroed by Vance Ginn via the Daily Economy,
Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. Recent pieces in Newsweek, the LSE Business Review, and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check.
Image Credit: Shutterstock
That makes for a catchy headline. It also makes for terrible economics.
The right question is not whether AI...
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