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We often discuss how basic income might affect people's willingness or desire to work. That's the labor supply. Labor demand is the extent to which employers want to hire people in the first place. What does it mean for there to be "insufficient labor demand"? And how does basic income change things?

On the one hand, basic income gives people money to buy the things that labor produces. On the other hand, we will, perhaps, be less interested in creating jobs as a way of getting people money.

For optional reading this week, we have a 2018 policy proposal by Jared Bernstein entitled "The Importance of Strong Labor Demand," in which he suggests various measures to boost the demand for labor.

https://www.hamiltonproject.org/assets/files/importance_strong_labor_demand_bernstein_policy_proposal.pdf

Previous related Boston Basic Income topics have included:

https://youtu.be/wkmkO7wYADg — BBI #21: The Labor Market
https://youtu.be/3h0XqCPtQks — BBI #33: Basic Income vs. Job Guarantee
https://youtu.be/bDX_rbLYR4s — BBI #94: Full Employment

You can access the Zoom meeting here:
https://zoom.us/j/402968564

By default, everyone will remain muted in Zoom.

We will start and end the discussion by going around the room to get everyone's opening and closing thoughts.

If you'd like to speak at another time, click the "raise hand" button on the "Participants" tab. Alex will unmute you when it's your turn.

Send Alex a message via Zoom chat to let him know if you'd like to follow up on something specific.

Starting at 7pm, we will make introductions and establish parameters for the discussion. The YouTube live stream will begin at 7:10pm.

The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form the following day:
https://anchor.fm/bostonbasicincome

Photo by Kevin McGuire on Flickr
(https://www.flickr.com/photos/kevinpaulmcguire/3131412248)

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