Author: automata

Will Robots Take Away Our Jobs?

Will Robots Take Away Our Jobs?

A controversial discussion is ensuing in technology echelons, as many experts warn that the increasing application of artificial intelligence (AI) in the workforce will have a negative impact on jobs for humans. The future of work lies in an automated workforce, where robots are predicted to dominate and replace humans, creating a social upheaval. However, many industry analysts opine that this change is not for the immediate future, and that in the short term, we will see the rise of man-machine interactions and work happening alongside.

Many robotic use cases are making headlines in recent times. Foxconn had announced earlier […]

For a credible and bold basic income

For a credible and bold basic income

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This call is the initiative of a group of researchers: Antoine Bozio (Ecole d’économie de Paris, IPP), Thomas Breda (CNRS, Ecole d’Economie de Paris), Julia Cagé (Sciences Po Paris), Lucas Chancel (Ecole d’économie de Paris et Iddri), Elise Huillery (Université Paris-Dauphine), Camille Landais (London School of Economics), Dominique Méda (Université Paris-Dauphine), Thomas Piketty (Ecole des hautes études en sciences sociales, Ecole d’économie de Paris), Emmanuel Saez (University of California, Berkeley) and Tancrède Voituriez (Iddri). It was first published in French on january 25 2017 . The goals of the candidates standing in the presidential primary elections […]

A Credible and Bold Basic Income

Thomas Piketty: Is our basic income really universal? : After our call « For a credible and bold basic income » launched by a group of ten researchers (Antoine Bozio, Thomas Breda, Julia Cagé, Lucas Chancel, Elise Huillery, Camille Landais, Dominique Méda, Emmanuel Saez, Tancrède Voituriez), we received considerable support and also, of course, questions and requests for clarification. The first question was: Given that the system of a basic income which we propose does not defend the idea of an identical monthly allowance paid to each individual, is it really universal? The question is legitimate and I would […]

Commentary: Would Trump ever propose a universal basic income?

Pet theory: Not today, and not tomorrow, but somewhere down the line, Donald Trump might set out on a radical economic reform. In short, it wouldn’t be surprising to see him try and give Americans, whether they’re employed or not, a monthly infusion of free money in the form of a universal basic income (UBI).

A UBI is an idea that the left loves and conservatives, predictably enough, have mixed feelings about. The central (and very simplified) gist of the idea involves giving people taxpayer dollars, either in lieu of, or more usually in addition to, whatever benefits they might […]

Dearness allowance is part of international workers’ basic income

Dearness allowance is part of international workers’ basic income

iStockPhoto 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’. […]

The Seven Commandments for Surviving the Smart Machine Age

The Seven Commandments for Surviving the Smart Machine Age

For decades, people have been grumbling over manufacturing jobs moving overseas. Indeed, keeping jobs in the U.S. was a theme during the recent election. And yet, regardless of any political hay that may or may not be made, we’re in deeper trouble than we may realize. The impending age of automation will cause tremendous job loss nationwide over the next fifteen years—much more than we’ve witnessed to date. Research from the University of Oxford states there is a high probability that 47 percent of jobs in the U.S. will be automated over that time. That’s over 70 million jobs […]

Universal Basic Income Accelerates Innovation by Reducing Our Fear of Failure – Evonomics

I can’t help but feel, that the "reduces our fear of failure" argument, while it will be a desirable outcome of UBI, shouldn’t be put forward as a central argument justifying it – it’s muddying the water & that’s dangerous.

The central argument for UBI should be A) that humans will not be able to compete economically with robots & AI in a free market economic system & B) the wealth generating capacity of that economy, and its existing wealth in stocks, pension funds, property, etc – will steadily collapse if less and less people can earn money to consume […]

Universal Basic Income shoots in the wrong direction

Universal Basic Income shoots in the wrong direction

The latest Economic Survey released this month introduces public debate on a radical new idea: the proposal is to roll out Universal Basic Income (UBI) across India – a guaranteed minimum income for all individuals (or, as the Economic Survey concedes in the Indian context, at least 75 per cent of the people).

The survey points out that a basic income scheme would help plug leakages in India’s byzantine welfare system, replacing most targeted schemes with a basic income that would allow citizens avail those goods and services for themselves.

This makes some economic sense. A basic income scheme would be […]

Universal Basic Income will be set in motion over next 1 year, hopes Arun Jaitley

Sponsored Homeowners Born Before 1985 Are Getting a Huge Reward

If you have not missed a mortgage payment in 3 years you need to see this. Learn More Sponsored by FetchaRate DUBLIN, Ireland – According to a survey released by Munich-based consulting giant Roland Berger, about 50 percent finch companies in mainland Europe are eager to expand their geographic presence.

Amongst the countries preferred by these companies, Ireland tops the list.The survey revealed that Ireland topped the poll as the most popular country targeted for expansion.The findings further showed that currently only 15 percent of fintech firms operate in […]

“The Relentless Pace of Automation”

“The Relentless Pace of Automation”

Last October, Uber had one of its self-driving trucks make a beer run, traveling 200 kilometers down the interstate to deliver a cargo of Budweiser from Fort Collins to Colorado Springs. A person rode in the truck but spent most of the trip in the sleeper berth, monitoring the automated system. (The test came just a few weeks after Uber had announced its driverless car service in Pittsburgh .) The self-driving truck developed by Uber’s recently acquired Otto unit reflects remarkable technological achievements. It also provides yet another indicator of a looming shift in the economy that could have […]