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technology Archives - High Meadows Institute, Inc.

Is it Time for Guaranteed Annual Income?

As we move further into the 21st century, a technologically-driven transformation is starting to take hold that will challenge our current economic model for distributing income in society. The key driver for this transformation is the rapid growth of machine intelligence, which is now poised to radically reduce capital’s dependence on human labor. According to David Autor, an economist at the Massachusetts Institute of Technology who has studied the loss of middle-class jobs to technology, “It will be harder and harder to find things that people have a comparative advantage in versus machines.” The impact of replacing workers with machines, coupled…

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