Basic income would not reduce people’s willingness to work

Basic income would not reduce people’s willingness to work

A basic income would not necessarily mean that people would work less. This is the conclusion of a series of behavioural experiments by cognitive psychologist Fenna Poletiek, social psychologist Erik de Kwaadsteniet and cognitive psychologist Bastiaan Vuyk. They also found indications that people with a basic income are more likely to find a job that suits them better.

The psychologists received a grant from the FNV union to research the behavioural effects of a basic income. They simulated the reward structure of different forms of social security in an experiment. ‘We got people to do a task on a computer,’ […]

What do you think about the idea of a universal basic income?

I think it’s more or less the only viable way to go to maintain a reasonable standard of living as the creation of wealth transfers increasingly from labour to capital. The problem, of course, is that you run into a similar position to that of the resource trap: When countries have valuable natural resources that don’t require an educated populace and extensive infrastructure to secure, the lot of the people who live there does not tend to be good.

If you stop needing people, do they actually get anything? Or are they just… cockroaches, vermin, etc? It’s folly to believe […]

Retail giants turns to automated warehouse concepts with labor availability still a struggle

Retail giants turns to automated warehouse concepts with labor availability still a struggle

imaginima/E+ via Getty Images The concept of automated warehouses is catching more attention with staffing shortages still an issue even with employment levels across distribution centers at all-time highs and wage increases doled out. While short term strategies such as bonuses, accelerated pay raises and tuition reimbursement are noted by McKinsey to be helping, the long-term implications of a high reliance on labor are becoming more clear in the retail industry amid both the pandemic and recovery period.

Many retail giants are already well on the path of investing in automation industry technology and innovations. New concepts include […]

In at least 36 states and cities, a universal basic income of up to $12,000 is available; is yours one of them?

In at least 36 states and cities, a universal basic income of up to $12,000 is available; is yours one of them?

AMERICANS who are having difficulty making ends meet can apply for assistance through the various Universal Basic Income programs available.

At least 36 cities and states provide financial assistance, which is typically administered by the government and can range from $1,000 to $12,000.

The majority of the time, there are no restrictions on how the funds are used.Those who are accepted into Universal Basic Income (UBI) programs can receive hundreds of dollars per month.Payments can be made on a monthly, quarterly, or yearly basis.Proponents of the plan say it helps people get back on their feet, while critics say it discourages […]

Europe – 12 million jobs predicted to be lost to automation by 2040

Approximately 12 million jobs will be lost to automation across France, Germany, Italy, Spain, and the UK by 2040, according to a report from research and advisory firm Forrester.

The report showed that while the pandemic continues to pressure European businesses to invest more heavily and rapidly in automation, this is not the only factor contributing to the forecasted job loss.

Workers with little bargaining power are most at risk of displacement, especially in countries where many are subject to casual employment contracts, including zero-hour contracts in the UK, which require no guaranteed working hours, or part-time jobs with low wages, […]

Minneapolis’ guaranteed basic income program pilot sparks responses from economists

Minneapolis’ guaranteed basic income program pilot sparks responses from economists

Minneapolis’s downtown skyline. (The Center Square) – Applicants will find out soon whether they’re among 200 families to win the chance to participate in Minneapolis’ Guaranteed Basic Income Program pilot .

The city will provide $500 monthly for two years to enrolled families who live in certain zip codes and receive no more than half Minneapolis’ Area Median Income. Participants must also have been hurt by the pandemic.

“You use the extra money in a way that makes sense for you,” the program webpage said.Program goals are to provide families flexibility to balance immediate needs such as rent and food with […]

One State Is Giving Hundreds $850 a Month for Two Years: See If You Qualify

One State Is Giving Hundreds $850 a Month for Two Years: See If You Qualify

One Southern state wants to give away free money in order to increase the quality of life for some of its residents. The state of Georgia will soon implement a new guaranteed income program in order to decrease the wage gap for some women.

Georgia named their flagship program “In Her Hands.” Officials describe it as the largest guaranteed income program in the South. The Georgia Resiliency and Opportunity Fund partnered with GiveDirectly to administer the program, which they say will mostly cater to black women.

The program begins with an initial $13 million investment and will begin in early 2022. […]

Exploring the Basic Income Guarantee

Basic income is one of the most innovative, powerful, straightforward, and controversial proposals for addressing poverty and growing inequali- ties. A Basic Income Guarantee (BIG) is designed to be an unconditional, government-insured guarantee that all citizens will have enough income to meet their basic needs. The concept of basic, or guaranteed, income is a form of social provision and this series examines the arguments for and against it from an interdisciplinary perspective with special focus on the economic and social factors. By systematically connecting abstract philosophical debates over competing principles of BIG to the empir- ical analysis of concrete […]

Fail to Embrace Autonomous Robotics & Technology and Fall Behind – by Daniel Milford

Fail to Embrace Autonomous Robotics & Technology and Fall Behind – by Daniel Milford

210818 – Harrison Vince candid with Spot the Robot Dog #4 Australian business must embrace automation if they’re going to grow and remain competitive into the future, explains Daniel Milford (pictured, below).

Few leaders have a mature understanding of how to leverage technology in managing their business and leading their customers and employees into the future.

Companies that talk about rather than act upon transforming their business models and work culture to include autonomous robotics, jeopardise the life expectancy of their business.Unless they embrace robotics, they will cease to exist. You need an automation program if you are going to […]

Report warns ‘porous safety net’ leaving society’s poorest close to destitution

Report warns ‘porous safety net’ leaving society’s poorest close to destitution

People receiving unemployment benefit on its own are receiving only slightly more than would tip them into destitution, a report has warned.

The welfare system is “almost unrecognisable” to that created after the Second World War following William Beveridge’s seminal report, the Resolution Foundation said.

The think tank said that, while working-age social security spending has more than doubled since the creation of the modern welfare state, income support has consistently fallen further behind average earnings.People receive very low levels of basic income support, with a “porous safety net” which favours lower-income families above single adults by helping with extra costs […]