Larry Summers: Urban-rural inequality and the importance of work

Examining the realities of rural America, Larry Summers concludes that the problem is not just one of providing people with incomes—it’s about the very basic human connection between work and satisfaction. Speaking with Bill, Summers advocates “employer subsidies” to encourage hiring in depressed regions, as opposed to measures like Universal Basic Income, which “send a message that it’s fine not to work.”

Link to transcript.