William A. Darity, Professor of Public Policy at Duke University
agrees Job GuaranteeEach job offered under a federal employment assurance would be at a wage rate above the poverty threshold, and would include benefits like health insurance. A public sector job guarantee would establish a quality of work and the level of compensation offered for all jobs. The program would be great for the country: It could meet a wide range of the nation’s physical and human infrastructure needs,... See More
Erik Brynjolfsson, Professor at MITIf we're willing to send half a million fellow citizens into battle, to protect oil supplies and our economic way of life, we should be no less willing to make the small sacrifice of paying more for gasoline. A revenue-neutral plan that reduced Social Security taxes by $1 billion for every penny a gallon of gas tax would leave the working poor and middle class better off than before. In the long t... See More
Yanis Varoufakis, Former finance minister of Greece, is Professor of Economics at the University of AthensEither we are going to have a basic income that regulates this new society of ours, or we are going to have very substantial social conflicts that get far worse with xenophobia and refugees and migration and so forth.
Bill Mitchell, Professor of Economics and MusicianA basic income guarantee is a neo-liberal strategy for serfdom without the work ... In addition to a Job Guarantee we also demand a Services Guarantee. It is no good having a bare minimum income if the dentists and doctors and shops in your town are closed and the public transport system is deficient.
Nassim Nicholas Taleb, Essayist, scholar, statistician, former trader, and risk analystThere are resilient ways to solve problems, say feed the world, without complicated technologies that entail fragility and unkown possibilities.
David Autor, EconomistIt doesn’t really make sense to ask whether automation will affect jobs. Yes, 100 percent of jobs will be affected. Jobs change all of the time. The content of jobs will change. But it’s not as if there’s a fixed amount of work to do. The net number of jobs is rising. Job tasks are changing. In many cases that automation is complementary to the tasks that people do. For example, doctors’ work i... See More
As digital devices like computers and robots get more capable thanks to Moore’s Law (the proposition that the number of transistors on a semiconductor can be inexpensively doubled about every two years), they can do more of the work that people used to do. Digital labor, in short, substitutes for human labor.
I don’t see an easy way of solving it [mass unemployment]. It’s an inevitable consequence of technological progress.
Lawrence Summers, Economist and Harvard University ProfessorIt is widely feared that half the jobs in the economy might be eliminated by innovations such as self-driving vehicles, automatic checkout machines and expert systems that trade securities more effectively than humans can.
Robert J. Shiller, Professor of economics at Yale and Nobel laureate
agrees Robot TaxA moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted toward wage insurance, to help people replaced by new technology make the transition to a different career. This would accord with our natural sense of justice, and thus be likely to endure.
Sheryl Sandberg, American technology executive, activist, and author
agrees Net neutralityToday’s decision from the Federal Communications Commission to end net neutrality is disappointing and harmful. An open internet is critical for new ideas and economic opportunity – and internet providers shouldn't be able to decide what people can see online or charge more for certain websites. We’re ready to work with members of Congress and others to help make the internet free and open for eve... See More
Oliver Hart, Nobel Prize winner in Economics and Professor at Harvard
disagrees $13,000 a year for every over-21-year-old American instead of all transfer payments would be better than the status quoBill Gates would get 13K, which is crazy. Raising taxes is costly and so redistribution should be targeted to those who need help most.
Jean-Yves Duclos, Minister of Families, Children and Social Development in CanadaI think it’s the principles behind the idea [of a guaranteed income] that matter. These principles are greater simplicity for the government, greater transparency on the part of families and greater equity for everyone
Richard D. Wolff, Marxian economist. Professor of Economics Emeritus, University of Massachusetts, AmherstUBI creates a new difference between those people who work and earn a living and those people who, for wathever reason, don't work but still earn a living. This is going to create two classes of people (...) and for me the big issue is why do that?. I like the idea of community building by not having people that are extremely wealthy or extremely poor, but I don't like this way of doing it, becau... See More
Eric Maskin, Nobel laureate in economics
disagrees $13,000 a year for every over-21-year-old American instead of all transfer payments would be better than the status quoA minimum income makes sense, but not at the cost of eliminating Social Security and Meidcare.
disagrees $13,000 a year for every over-21-year-old American instead of all transfer payments would be better than the status quoTotal health expenses and risk will remain high for individuals. It might also shift the norm whether to work. Work = being part of society
Richard Schmalensee, Professor of Management and Economics at MIT
Randall Wray, Professor of Economics at U. Missouri–Kansas City, Senior Scholar at Levy Economics InstituteI do not support sending a BIG check to everyone. It is a devaluation of the currency, as prices rise so that the BIG payment essentially becomes the entry price to the marketplace. So we will need to target the BIG to those who do not (or cannot) work. Yes there’s some stigma. But, first we implement Employer of Last Resort so that anyone who is ready and willing to work has a job in the Job Gua... See More
Pavlina R. Tcherneva, Economist. Chair of the Department of Economics at the Levy Economics Institute, Bard College, NYThere is almost a ‘neoclassical market equilibrating assumption’ behind most BIG analysis that says: “as long as people have cash, the market will magically provide the goods for them, allow them to acquire assets, provide them with the freedom to do what they please, etc. etc.” If the market hasn’t solved these problems now, why would it do so just because people get cash? All structures that ma... See More
Robert J. Shiller, Professor of economics at Yale and Nobel laureate
agrees Robot TaxA moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted towards wage insurance, to help people replaced by new technology make the transition to a different career. This would accord with our natural sense of justice, and thus be likely to endure.
Diane Coyle, Professor of Economics, University of Manchester. Vice-Chairman BBC Trust. Former advisor to the UK Treasury.Many foreign investors would relocate, export contracts would not get renegotiated because of the uncertainty, and the transition costs of unpicking a 40+ year relationship would be extremely high
Yanis Varoufakis, Former finance minister of Greece, is Professor of Economics at the University of AthensA simple policy would be to enact legislation requiring that a percentage of capital stock (shares) from every initial public offering (IPO) be channeled into a Commons Capital Depository, with the associated dividends funding a universal basic dividend
Sir Paul Collier, Professor of economics and public policy at the University of OxfordI don’t see the big benefits of leaving - I see a lot of risks. Some international businesses would just decided that Britain was not a good place to locate… that would cost us jobs and tax revenues and that, in turn, would hit ordinary families.
Pascal Lamy , French political consultant and businessman. Director-General of the WTO 2005-2013As the former head of the WTO, let me be clear: this would be a terrible replacement for access to the EU single market ... it is very unlikely that the UK would be a more prosperous place [after a Brexit].
Adam Posen, President, Peterson Institute for International EconomicsHuge self-inflicted wound. Business investment will dry up rapidly, and greater uncertainty premia will get built into interest rates. Trade with Euro Area will start declining, and that decline will increase over time
Kenneth Judd, Computational economist at Stanford University
Caroline Hoxby, Professor of economics at Stanford University
Kitty Usher, Managing Director, Tooley Street ResearchThe trend rate of GDP growth will be a little lower due to reduced competitive pressure on UK firms from possible implied or real trade barriers and the negative signal sent to prospective investors seeking to trade with the EU from Britain
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