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Since LBJ’s Great Society programs revamped America’s social safety net, the average American has steadily taken on more and more risk, both through increasing costs of healthcare and education, and the growing precarity of employment, due to globalization, automation and contract work, among other factors. Jacob Hacker, professor of Political Science at Yale, has detailed this growing burden in his book The Great Risk Shift, the second volume of which was just released. Hacker joined the podcast to discuss this major trend in the economy and how a basic income could change the equation.
The second edition of the Great Risk Shift may be purchased here: https://global.oup.com/academic/product/the-great-risk-shift-9780190844141?cc=us&lang=en&