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Main take-away summarized in the closing paragraph: "...if anything is to be learned from the Cherokee experiment, it’s this: To imagine that a basic income, o
by evo_9 9y ago
Main take-away summarized in the closing paragraph:
"...if anything is to be learned from the Cherokee experiment, it’s this: To imagine that a basic income, or something like it, would suddenly satisfy the disillusioned, out-of-work Rust Belt worker is as wrongheaded as imagining it would do no good at all, or drive people to stop working. There is a third possibility: that an infusion of cash into struggling households would lift up the youth in those households in all the subtle but still meaningful ways Costello has observed over the years, until finally, when they come of age, they are better prepared for the brave new world of work, whether the robots are coming or not."