New Paper in Sustainability

Ralph P Hall

Our new paper that considers how to advance a universal basic income with a new approach to inclusive capitalism was published in Sustainability. There is an interesting story behind this paper that I will write about in a separate post. More soon …

Universal Basic Income and Inclusive Capitalism: Consequences for Sustainability

Abstract

Over the past forty years, income growth for the middle and lower classes has stagnated, while the economy (and with it, economic inequality) has grown significantly. Early automation, the decline of labor unions, changes in corporate taxation, the financialization and globalization of the economy, deindustrialization in the U.S. and many OECD countries, and trade have contributed to these trends. However, the transformative roles of more recent automation and digital technologies/artificial intelligence (AI) are now considered by many as additional and potentially more potent forces undermining the ability of workers to maintain their foothold in the economy…

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