Universal Basic Income
The issue of inequality will loom large in the 2020 Presidential election. The notion that the 'system is rigged' will drive the debate on people's 'right' to healthcare, a college education, a basic income, and other entitlement proposals. This week we explore the impact of inequality and a policy idea some think could help tackle it: Universal Basic Income.
Money, Money, Money
Income inequality has been rising steadily in the U.S. since the end of the second world war. While the top 1 percent of earners have amassed over half of U.S. income growth over the past decade, recent research showed that for over one-third of Americans an unexpected expense, such as a medical bill, would sink them into debt.
And this widening wealth gap isn’t just a problem for those at the bottom. Increasingly extreme levels of inequality have a detrimental impact on society as a whole, denting overall economic growth, harming health and well-being, decreasing disposable income and inhibiting educational opportunities for poorer children.
So, how could we do better?
In this episode, Freakonomics radio discusses what a more 'perfect' economy could look like and what it might take to get us there.
You Can’t Always Get What You Want
How does inequality affect our lives?
In this episode, Hidden Brain takes a look at our psychological predisposition towards upward comparisons and the negative effect this is having on us as income inequality in the U.S. rises.
Money For Nothing
“Do humans need to know they won’t survive in order to work?” This is the question that sits at the heart of discussions around a Universal Basic Income (UBI) - the policy idea that proposes creating an economic baseline that would combat financial insecurity by giving everyone an unconditional, regular cash payment.
Perhaps the idea of ‘free money’ seems too good to be true. But it is an idea that has long held bipartisan appeal, with proponents ranging from Thomas Paine to Martin Luther King to Milton Friedman. With growing levels of inequality being exacerbated by automation and the ongoing erosion of lower-paying jobs, UBI is gaining traction in the political mainstream. In this episode, Business Daily examines whether this policy could help address the problems associated with inequality in our technology-driven era.