Can Free Money Make Up for Widescale Job Loss?

Faced with the prospect of up to a third of jobs being eliminated by automation in the next decade, governments are taking another look at Universal Basic Income.

by , , / November 1, 2018

By 2030, as many as 73 million U.S. jobs could be lost to automation, according to global management consultants McKinsey and Company. The prediction has governments, activists and even venture capitalists dusting off an old idea to give cash directly to displaced workers without conditions to meet their basic needs.

This new take on Universal Basic Income (UBI) has garnered support across the political spectrum, from social democrats on the left to libertarian entrepreneurs on the right. The model also has its skeptics.

In this episode of "Go Public," we revisit the argument for and against UBI with a focus on its economic viability and potential community impact. 

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Featured on This Episode:

 

Zach Patton Executive Editor

Zach Patton -- Executive Editor. Zach joined GOVERNING as a staff writer in 2004. He received the 2011 Jesse H. Neal Award for Outstanding Journalism for his GOVERNING story on economic cutbacks in Colorado Springs. He has served as an editor since 2010, and as Executive Editor since 2012.

Candice Norwood Web Producer/Writer

Candice is a St. Louis, Mo., native who received her bachelor's degree from the University of Illinois at Urbana-Champaign and her master's from American University in Washington, D.C. Before joining Governing, she worked as a web producer for Politico, a politics fellow with The Atlantic, and a weekend White House freelancer for Bloomberg. She has covered criminal justice, education and national politics.

Paul W. Taylor Editor-at-Large

Paul W. Taylor, Ph.D., is the editor-at-large of Governing magazine. He also serves as the chief content officer of e.Republic, Governing’s parent organization, as well as senior advisor to the Governing Institute. Prior to joining e.Republic, Taylor served as deputy Washington state CIO and chief of staff of the state Information Services Board (ISB). Dr. Taylor came to public service following decades of work in media, Internet start-ups and academia. He is also among a number of affiliated experts with the non-profit, non-partisan Information Technology and Innovation Foundation (ITIF) in Washington, D.C.