On Tuesday, July 5, Alan Krueger — the former Chair of President Obama’s Council of Economic Advisers — announced in a Tweet that he would be joining the research team at GiveDirectly, assisting the charity organization as it designs and implements a long-term, large-scale basic income pilot in Kenya.
GiveDirectly reported this announcement in its blog on July 7.
An interesting coincidence is that GiveDirectly’s announcement of Krueger’s involvement came on the same day that Jason Furman, Krueger’s successor as adviser to the President, spoke against universal basic income at a workshop on automation co-sponsored by the White House.
Krueger is currently Bendheim Professor of Economics and Public Affairs at Princeton University, where he researches such topics as subjective well-being and trends in contingent and freelance work.
Photo of Alan Krueger CC Ralph Alswang, Photographer.
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A interesting by product or better a “foundation” of the basic income, is that it works like an exchange rate. As you pay a basic income to all in accordance with the state of welfare in a region (that will cover the basic needs on that place), this can also be seen as a (potential) subsidy to the price of the labour force. The consequences of that will give relative rise to the labour cost of the low wage countries and so cause a deglobalisation as well.
Universal Basic Income? No way Jose! With it, how are we the redistribution profiteers, going to earn us a splendid living?
http://perkurowski.blogspot.com/2016/06/i-honestly-dont-understand-how-people.html