Techdirt Podcast Episode 16: Rethinking Work, Income & Leisure: Albert Wenger On Basic Income

from the BIG-ideas dept

Recently, there's been a growing discussion around the concept of a basic income guarantee and its potential to completely change how we think about work, income and leisure. Would it change the world for the better, or create more economic problems than it solves? Albert Wenger from Union Square Ventures joins us this week to discuss the potential of this revolutionary idea.

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Filed Under: albert wenger, basic income guarantee, economics, podcast


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  1. icon
    Mike Masnick (profile), 19 Mar 2015 @ 9:34am

    Re: A Nice Idea, but...

    Nearly all of those points were addressed in the conversation. There are reasonable arguments to counter each one.

    Disincentivizes work

    Yes, but that's the *point*. If we can automate most important work, maybe we don't want everyone working.

    stagnates creativity

    The argument seems to go strongly in the other direction, since this would give much more freedom for individuals to be creative, since the downside risk of doing so is removed.

    results in inflationary pressures

    Directly discussed in the podcast. So much innovation is deflationary in nature right now which counterbalances that. Greater automation decreases prices and counteracts the inflationary pressures.

    will expand an entitlement mentality

    Not necessarily so -- especially not when it's distributed equally.

    Ignores the nature of "value"

    But you're confusing value and price. There are lots of things that have tremendous value, but no price. BIG actually helps expand that, allowing the creation of more value not directly tied to pirce.

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