Author: automata

A universal basic income will become necessary because of all the jobs that will be lost to automation in the coming years, says the founder and CEO of Tesla Motors.

“There will be fewer and fewer jobs that a robot cannot do better,” billionaire entrepreneur Elon Musk told a crowd on Monday at the World Government Summit in Dubai. “These are not things I wish will happen; these are things I think probably will happen.” Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit in Manhattan, New York October 2, 2015. (Photo: Reuters/Rashid […]

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In the future, factories will need just one worker and a dog. The dog would guard the machines and the worker will feed the dog. This is no joke. It may be a little exaggerated, but nevertheless it is the sad eventuality of the fourth industrial revolution.

This got billionaire venture capitalist and president of Y Combinator, Sam Altman, to thinking. And so the start-up accelerator launched a campaign for a private enterprise — an offering of universal basic income.

From August, the company began a pilot program in Oakland, California, not far from its headquarters in Silicon Valley, by giving […]

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Asa Mathat | D: All Things Digital In an interview with CNBC in November 2016, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment automation will likely cause.

Universal basic income (UBI) is a system in which all citizens receive a standard amount of money each month to cover basic expenses like food, rent, and clothes.

On February 13, Musk doubled down on his initial support for the concept."I think we’ll end up doing universal basic income," Musk said to a packed crowd at the World […]

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Elon Musk has come under fire recently for his decision to remain on Donald Trump’s economic advisory council and his views concerning unionization . On Wednesday, however, he was focused on the future. Speaking at the World Government Summit in Dubai, Musk addressed a wide array of issues that civilization will face in the next hundred years, including how to handle artificial intelligence and the mass unemployment that will result from automation.

"One of the most troubling questions is artificial intelligence," Musk said when asked about the challenges civilization is set to face in the near future. "Deep artificial intelligence, […]

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Media Release

Mangaluru, Feb 13: Commemorating the 15th anniversary of laying the foundation stone of St Joseph Engineering College, Vamanjoor, Mangaluru, on February 11, the sixth Foundation Day Lecture was delivered by Prof KJ Rao, emeritus professor, Ramanna Fellow (Senior), Solid state and Structural Chemistry Unit at the Indian Institute of Science, Bengaluru, at Spoorthi Hall. Speaking on the occasion, Fr Joseph Lobo, director of SJEC spoke of the fascinating journey and milestones accomplished by SJEC in becoming an instrument of transformation for its students. He remembered the contribution of everybody involved with SJEC and mentioned that at […]

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Voters in Switzerland this week an plan to offer all citizens an unconditional monthly payment, in what was to be the first major country to adopt a guaranteed basic income.

But that’s unlikely to stop the debate or, worse, the experimentation here in the U.S.

We will write a custom essay sample on Guaranteed Basic Income Is Not Worth the Risks of Experimentation or any similar topic specifically for you Hire Writer That’s too bad.Guaranteed basic income is a straightforward concept: All citizens of a nation are guaranteed an unconditional payment to improve their lives. They can use it […]

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The union government has unveiled a radical proposal to eliminate poverty – providing a universal basic income for all its citizens, while stressing that this is only a concept.

The idea was floated in annual economic survey 2017 that said guaranteeing a stipend to cover every individual’s basic needs would promote social justice.

Universal Basic Income is not a substitute for state capacity, it is a way of ensuring that state welfare transfers are more efficient so that the state can concentrate on other public goods.The economic survey argued that a prerequisite for the success of Universal Basic Income is JAM […]

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There are those who believe basic income is the way of the future, a foregone conclusion.

In the future, factories will need just one worker and a dog. The dog would guard the machines and the worker will feed the dog. This is no joke. It may be a little exaggerated, but nevertheless it is the sad eventuality of the fourth industrial revolution.

This got billionaire venture capitalist and president of Y Combinator, Sam Altman, to thinking. And so the start-up accelerator launched a campaign for a private enterprise — an offering of universal basic income.From August, the company began […]

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I was on an assignment to Canada during the period of January 2014 to April 2015.

After I came back, India’s Social Security Agreement with Canada came into effect on 1 August 2015. While I was there, I paid all the social security taxes in Canada. However, as I was not receiving any salary in India, my provident fund contributions were null. Does this now qualify me as an international worker? Currently, my employer is treating me as an international worker and deducting my provident fund at 12% on ‘total salary’ instead of 12% of ‘basic salary component’. I […]

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