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Marketplace All-in-One

The afterlife of MLK’s call for a guaranteed income

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 16 January 2024

⏱️ 22 minutes

🧾️ Download transcript

Summary

In 1967, Martin Luther King Jr. wrote that “the solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.” Decades later, while still a divisive idea, the conversation around guaranteed income is starting to simmer, and pilot programs looking at universal basic income, a similar idea, are popping up around the country. On the show today, Stacia West, director of the University of Pennsylvania’s Center for Guaranteed Income Research, explains why King called for a guaranteed income, why UBI is gaining traction today, and what early results from pilot programs are showing us about its impact.

Then, we’ll get into the haggling over the child tax credit on Capitol Hill and check in with the world’s second largest economy. Plus, one historian was wrong about Martin Luther King Jr.’s vision for the American economy.

Here’s everything we talked about today:

We want to hear your answer to the Make Me Smart question. You can reach us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

Click on a timestamp to play from that location

0:00.0

There we go.

0:02.0

There we go.

0:03.0

Phew.

0:05.0

Hello I'm Kimberly Adams.

0:08.0

Welcome back to Make Me Smart where none of us is as smart as all of us.

0:12.0

I'm Kyle Rizdahl.

0:13.0

Thanks for joining us everybody.

0:14.0

Today is Tuesday the 16th of January.

0:17.0

Yesterday the 15th was Martin Luther King day.

0:20.0

Uh, so today, a day late granted, but that's the way holidays work.

0:24.8

We're going to talk about a key and actually often overlooked part of Dr. King's legacy,

0:30.3

his anti-poverty activism in the late 1960s and actually all through the 1960s

0:36.3

his call for a guaranteed income for all Americans.

0:39.8

Right I mean there's a lot of interest in this idea of a universal basic income now, and there

0:46.7

are pilot programs popping up all over the world, but we wanted to use this opportunity to check

0:51.8

in on how some of those programs are going

0:54.2

and how guaranteed income is connected to the idea of economic justice.

0:58.8

So here to make us smart about this is Stacia West, director of the Center for Guaranteed Income Research at the University of Pennsylvania.

1:07.0

Welcome to the show.

1:09.0

Thank you so much for having me.

1:12.0

So first, some definitions what is guaranteed income and is that

1:17.7

different from this term we hear thrown around a lot, UBI, Universal Basic Income.

...

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