Author: automata

Women and minorities have suffered disproportionately from the pandemic recession and must be part of any comprehensive recovery program.

The Biden administration’s quest to green the American economy promises to create millions of good jobs “filled by diverse, local and well-trained workers, including women and people of color .” But these jobs will exacerbate long-standing and worsening economic injustices due to their concentration in male-dominated fields.

Due to COVID-19, gender disparities in unpaid care work have more than tripled (sextupled for Black and Hispanic women) and women have experienced job losses at a higher rate than men for the first time […]

Full Post at thehill.com

Brief Summary

In April, The Governor of Gyeonggi, Lee Jae Myung announced that all residents of Gyeonggi would receive 100,000 Korean Won equivalent to $79.85 US Dollars using Gyeonggi Pay which functions as an ‘alternative currency’ for the province which should be spent every three months. Gyeonggi is the first province in South Korea to implement an Anti – Disaster Basic Income in order to combat the harsh effects of the pandemic by increasing the economic circulation that would benefit the small, traditional and local businesses. Lee Jae Myung’s move to implement a Universal Basic Income (UBI) was […]

Full Post at igniteunmc.com

From interest rates to fashion, pandemics in the past — like the Black Death in the 14th century — have left deep imprints on economic life. This time may be no different. In the aftermath of the coronavirus, governments can reimagine capitalism by giving all of us a stake in the most valuable byproduct of our day-to-day living: data. But make no mistake. It will still be a Faustian bargain.

A global data profit will be a very different GDP from gross domestic product. The case for technology companies to share it with we, the people who supply them the […]

Full Post at www.washingtonpost.com

It seems like you are missing an important aspect of UBI: What level of income will it provide? If a (perhaps more fulfilling or “fitting”) life on UBI is to rival that of say a stockbroker, UBI must provide more freedom than one can get by working in that position, while perhaps saving up for early retirement.

The income level will have to be moderate at the very least, to rival that. Since it is supported by tax revenue, it must be part of a balanced budget. This can quite easily be matched by a reasonable income, where a […]

Full Post at news.ycombinator.com

There has been an extraordinary amount of generosity this year. We can see it in the record-breaking donations to food banks here in Cowichan and across the province. In times of crisis, food banks have proven to be incredibly important for food security for individuals and families in our province. Our local food banks are serving a new type of client: people who have never used a food bank before. But what we need to be striving for, is a province that doesn’t need food banks because we have ended poverty.

COVID-19 has not only highlighted inequality in our society, […]

Full Post at www.lakecowichangazette.com