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Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream
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Published:
PublicAffairs 2016
Status:
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Description

Raising the Floor confronts America's biggest economic challenge-the fundamental restructuring of the economy and the emerging disruptive technology that threaten secure jobs and income. Andy Stern convincingly shows why it is time to consider a universal basic income as the nation's twenty-first-century solution to increasing inequality.
In 2010, troubled by watching families chase the now-elusive American Dream, Andy Stern began a five-year journey to investigate how technology will impact jobs and the future of work. Stern, formerly the head of the nation's most influential and fastest-growing union, the Service Employees International Union, investigated these issues with a wide range of CEOs, futurists, economists, workers, entrepreneurs, and investment bankers who are shaping the future.
The sobering assessment that emerged from his research-across the political spectrum, from libertarians at the CATO Institute to the leaders of the progressive left-is that this time is different: there will be meager benefits that come with full-time work and fewer good jobs overall. Facing such a challenging moment, Stern's solution is fittingly bold: to establish a universal basic income by eliminating many current government programs and adding new resources. At once vivid, provocative, and pragmatic, Raising the Floor will spark a national conversation about creating the new American Dream.

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Format:
Adobe EPUB eBook, Kindle Book, OverDrive Read
Street Date:
06/14/2016
Language:
English
ISBN:
9781610396264
ASIN:
B01BZ7XJFE

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Citations

APA Citation (style guide)

Andy Stern. (2016). Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream. PublicAffairs.

Chicago / Turabian - Author Date Citation (style guide)

Andy Stern. 2016. Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream. PublicAffairs.

Chicago / Turabian - Humanities Citation (style guide)

Andy Stern, Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream. PublicAffairs, 2016.

MLA Citation (style guide)

Andy Stern. Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream. PublicAffairs, 2016.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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Raising the Floor confronts America's biggest economic challenge-the fundamental restructuring of the economy and the emerging disruptive technology that threaten secure jobs and income. Andy Stern convincingly shows why it is time to consider a universal basic income as the nation's twenty-first-century solution to increasing inequality.
In 2010, troubled by watching families chase the now-elusive American Dream, Andy Stern began a five-year journey to investigate how technology will impact jobs and the future of work. Stern, formerly the head of the nation's most influential and fastest-growing union, the Service Employees International Union, investigated these issues with a wide range of CEOs, futurists, economists, workers, entrepreneurs, and investment bankers who are shaping the future.
The sobering assessment that emerged from his research-across the political spectrum, from libertarians at the CATO Institute to the leaders of the progressive left-is that this time is different: there will be meager benefits that come with full-time work and fewer good jobs overall. Facing such a challenging moment, Stern's solution is fittingly bold: to establish a universal basic income by eliminating many current government programs and adding new resources. At once vivid, provocative, and pragmatic, Raising the Floor will spark a national conversation about creating the new American Dream.
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      • premium: True
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        May 15, 2016
        Want pie in the sky? How about convincing Americans to accept the "almost un-American" premise of a guaranteed income for all?It might not be so far-fetched, writes Stern (A Country that Works: Getting America Back on Track, 2006), former president of the Service Employees International Union. Libertarians have agitated for an annual grant to take the place of welfare, while conservatives ought to be on board with the thought that putting a universal basic income in place is a recipe for shrinking social service bureaucracies. As for progressives, it "helps fulfill their dream of ending poverty." Stern takes a rather roundabout way to get to his central argument, surveying the economy as it has been transformed by technology in the last few years. There are few warehouse jobs today compared to a decade ago, for instance, not just because of the financial collapse, but also because of inventorying techniques made possible only by advanced computers. These days, Kelly Services is responsible for placing not so much stenographers as substitute teachers, taking an onerous and hated job off the backs of already burdened school principals. The argument solidifies with the thesis offered by tech giant Andy Grove that "job creation must be the number one objective of state economic policy," and job creation follows from the entrepreneurialism unleashed by unencumbered funds. But how much, and how? The specifics are fewer than the diagnostics, but some of the ones that Stern proposes along the way are both interesting and ingenious--encourage offshore companies to return without undue tax penalty, for one, and then set aside some of the proceeds of normal business taxation to fund infrastructure improvements and more. But the overarching one, that of the UBI, is the most interesting of all, and the author does a solid job of making his case without waxing too wild-eyed. Stern's T-shirt slogan puts it well: "It's really not that complicated." Pipe dream it may be, but this is a book eminently worth talking about.

        COPYRIGHT(2016) Kirkus Reviews, ALL RIGHTS RESERVED.

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Raising the Floor confronts America's biggest economic challenge-the fundamental restructuring of the economy and the emerging disruptive technology that threaten secure jobs and income. Andy Stern convincingly shows why it is time to consider a universal basic income as the nation's twenty-first-century solution to increasing inequality.
In 2010, troubled by watching families chase the now-elusive American Dream, Andy Stern began a five-year journey to investigate how technology will impact jobs and the future of work. Stern, formerly the head of the nation's most influential and fastest-growing union, the Service Employees International Union, investigated these issues with a wide range of CEOs, futurists, economists, workers, entrepreneurs, and investment bankers who are shaping the future.
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