Michael Calma

“The issue is not that the United States cannot pull its people above the poverty line, but that it does not want to.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World

“In the eyes of economists, long-term unemployment causes “hysteresis,” a word derived from the Greek term for lagging behind.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World

“Researchers believe there is a 50 percent chance of AI outperforming humans in all tasks in 45 years and of automating all human jobs in 120 years,” the survey’s authors noted.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World

“prominent group of economists recently looked at randomized control trials of government cash-transfer programs from Honduras, Indonesia, Morocco, Mexico, Nicaragua, and the Philippines. They found that receiving cash had no effect on the number of hours worked or the propensity to work, for both men and women. Indeed, the cash-transfer programs seemed to boost the amount that men worked, in some cases.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World