The Next Idea
What if governments just gave money to people?
That’s the big question that Thomas Weisskopf, professor emeritus of economics at the University of Michigan, is asking.
Since automation is replacing human-powered labor in fields like manufacturing, robust employment may be a thing of the past. A permanent surplus of labor has massive consequences, driving down wages and even contributing to social unrest. According to Weisskopf, such a dramatic problem demands a dramatic solution.