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Is the World Ready for a Guaranteed Basic Income? (Update)

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 17 September 2025

⏱️ 36 minutes

🧾️ Download transcript

Summary

A lot of jobs in the modern economy don’t pay a living wage, and some of those jobs may be wiped out by new technologies. So what’s to be done? We revisit an episode from 2016 for a potential solution.

Transcript

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0:00.0

Hey there, it's Stephen Dubner.

0:05.4

Over the past several years, artificial intelligence has gone from something you read about,

0:10.0

to something you encounter once in a while, to something that many of us use every day.

0:15.0

But a lot of people find it off-putting, even frightening.

0:18.6

One fear is that the more useful AI gets, the more it will displace

0:22.3

human workers. Companies like Amazon and Ford and J.P. Morgan are talking about reducing their

0:28.2

workforce since the AIs can do some of the work at a fraction of the cost of human employees.

0:34.2

We have made several episodes that touch on this, including a 2023 series called

0:39.0

How to Think About AI, guest hosted by Adam Davidson, and an episode from last October

0:45.2

called What Do People Do All Day? The fear that technology will replace human labor is nothing

0:51.1

new. In fact, it comes up in just about every generation. There is also a

0:56.0

proposed solution to this problem that comes up again and again. A guaranteed basic income is what

1:01.9

some people call it. And we made an episode about that way back in 2016, years before anyone had

1:08.2

heard of chat GPT. The idea was having a moment then, and now, thanks to the AI boom, it's having another moment.

1:15.9

So I wanted to replay that episode for you today.

1:18.5

We have gone through and updated facts and figures as necessary.

1:22.6

We'll begin with the economist Eric Brynjolfson, who was at MIT when we spoke back then, but has since moved to

1:29.6

Stanford. Here's how Bryn Yolfsson describes the central problem. We're now beginning to have

1:35.5

machines be able to augment and automate our brains and replace mental tasks. Machines can do

1:43.0

computations and make decisions.

1:45.5

And we're still in the early stages of this,

1:47.5

but we believe that the implications will be at least as profound

...

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