As technology advances, fewer jobs require human labor. Governments from Canada to Finland are experimenting with a universal basic income scheme as a way to ensure that their constituents maintain some level of economic security, even in the face of shrinking employment opportunities. Meanwhile, a pilot study in Kenya is testing whether universal basic income can be an effective way to lift citizens out of poverty. Can guaranteeing everyone a minimum amount of money reduce or prevent poverty? What effect will a universal basic income have on the overall economy?
Based at MIT, J-PAL is a network of economists who have run over 800 randomized controlled trials in over 80 countries to ensure that policy is informed by scientific evidence. Alison Fahey, Senior Policy Manager at J-PAL Global, shares insights from some of these randomized controlled trials that can help shed light on the possible impacts of universal basic income schemes.
In the future, we may post a transcript for this talk, but we haven't created one yet. If you'd like to create a transcript for this talk, contact Aaron Gertler — he can help you get started.