Technological change and growth regimes
A report assessing technological change and growth regimes, and the case for universal basic income (UBI) in an era of declining labour shares.
This report authored by Nick Pearce, Joe Chrisp and Aida Garcia-Lazaro provides an overview of the research project ‘Economics of basic income’ (March 2019 - January 2022), funded by an unrestricted gift from Mr Geoff Crocker.
It summarises academic research on the multi-dimensional effects of technology on national economies with a particular focus on its relationship to trends of a declining labour share. We relate these findings to a discussion of policy solutions including a universal basic income (UBI).