Author(s): Chris Hughes
Chris Hughes helped launch Facebook with Harvard roommates Mark Zuckerberg and Dustin Moskovitz. He earned nearly half a billion dollars for three years of work and believes his overnight success is indicative of what's wrong with today 's economy. Tracing the rise of Facebook and similar companies, he exposes the specific economic forces that create today 's economic unfairness and lays out a plan to rein them in.
Offering a blunt assessment of how he made his fortune, Hughes makes an impassioned argument for a simple, big idea whose time has come- a guaranteed income for all working people. Technology is scrambling what 'having a job' means, requiring us to rethink how we provide economic opportunity to working people. Hughes 's definition of workers includes women and men who stay home to take care of children and the elderly, individuals in the emerging gig economy, and students. Citing a growing body of international work, he documents how effective cash stipends are at improving health and education outcomes, contributing to the economic security of workers and, ultimately, helping us to find a way out of our current economic malaise.
It is time to rethink how our economy works. In this short and inspiring book, Chris Hughes joins the search for a new definition of work and a new way of earning that gives everyone a fair shot.
Facebook co-founder Chris Hughes makes the case that one percenters like him should pay their fortune forward in a radically simple way: a guaranteed income for working people
I admire Chris's commitment to apply his talent, experience, and wealth to tackle some of our toughest problems -- Bill Gates If we are to be true to the principles of our nation's founding, opportunity cannot be solely the province of the wealthy and well-connected. Yet the promise that if you work hard you can get ahead is broken for millions. As we strive to build a fairer, more inclusive country, Fair Shot is a very important read. These ideas must be part of the conversation -- Senator Cory Booker Too many people are working too hard and they're still sinking, not even able to cover the basic costs of living. Fair Shot offers a new tool for economic mobility: a guaranteed income to all working people - even those whose work hasn't been recognized or compensated with income before -- Arianna Huffington
Chris Hughes is the co-founder of the Economic Security Project, a network of policy-makers, academics, and technologists working to end poverty and rebuild the middle class through a guaranteed income. He co-founded Facebook as a student at Harvard and later led Barack Obama's digital organising campaign for President. Hughes was the owner and publisher of The New Republic magazine from 2012 to 2016. He lives in New York's Greenwich Village with his family.