SUMMARY: Laura Tyson, a former chair of the US President’s Council of Economic Advisers, considers responses to technological unemployment, writing, “In the longer term, more radical policies – such as the introduction of a negative income tax or a basic income – must be considered, with the goal of providing a guaranteed minimum standard of living regardless of employment status and market wage.”
Laura Tyson, “Intelligent Machines and Displaced Workers.” Project Syndicate. March 7, 2014.
She was interviewed on CBS Sunday Morning. She said that a $10,000 UBI would take up 3/4 of the federal budget. Not exactly a ringing endorsement.