Author: automata

Seeing The Future In Our Past: Universal Basic Income And The Social Security Act

Seeing The Future In Our Past: Universal Basic Income And The Social Security Act

Universal programs in moments of economic transformation prove to endure with popular support . Will it last?

By: Shaby Missaghi

History has a habit of repeating itself. In some ways, the present day feels stuck on loop in the past. During the early 1900s, the Second Industrial Revolution brough about far-reaching improvements to the American economy. The widespread adoption of electric power, railroad networks and improved manufacturing practices completely transformed American life.This is not unlike the economic transformation we are embarking on today. With automation, machine learning and other key technologies of the information age, the United States is […]

SNP minister claims ending Universal Credit uplift ‘callous act’

SNP minister claims ending Universal Credit uplift 'callous act'

Social Justice Secretary Shona Robison THE SNP’S Social Justice Secretary has claimed the UK Government ending the £20 Universal Credit uplift would be a “callous act” which will push thousands of children into poverty.

Shona Robison spoke as MSPs debated how to tackle poverty on Tuesday.

A report by Loughborough University on behalf of the End Child Poverty coalition last month found that levels of child poverty have risen in every Scottish local authority over the past six years.The Scottish Government is calling for all powers relating to employment and social security to be devolved from the UK Government.But, opposition parties […]

Modern Monetary Theory and a Basic Income for All

Modern Monetary Theory and a Basic Income for All

Everything’s amazing and nobody’s happy . Beyond the natural human impulse to never be satisfied and create itches that will never be scratched, this general air of dissatisfaction has been stoked by a system of extreme wealth stratification, the result of an inherited, upside-down economic model where we give money to the top, and we expect it to trickle down.

Universal basic income (UBI), or income guaranteed to individuals by some system they are participating in (usually the government), is one solution growing in popularity, especially during the pandemic, to better spread the wealth and reduce inequity. It is certainly […]

BASIC INCOME GRANT R1277 | Government is pushing for this grant to come into effect ASAP

BASIC INCOME GRANT R1277 | Government is pushing for this grant to come into effect ASAP

BASIC INCOME GRANT R1277.

GOVERNMENT IS PUSHING FOR THIS GRANT TO COME INTO EFFECT AS SOON AS POSSIBLE.

Lets begin to assume. This grant comes into effect in the month of OCTOBER 2021.Why would one suggest this grant to become effective in October 2021? Could it be that Government Local elections are due for the 27th of October 2021. And government wants to make sure that they continue to reign undefeated?This will leave the unemployment citizens focused on the idea that the basic income grant will come into effect soon enough. Possibly even before October 2021.This would leave the unemployed with […]

Royal Alexander: Paying workers to stay at home is crippling America’s economic recovery

Royal Alexander: Paying workers to stay at home is crippling America's economic recovery

Special to The Times It is simply impossible for business and industry (particularly small businesses which are America’s economic engine) to compete with the combined financial power of state and federal governments.

When government subsidizes people who don’t work, that will continue to be the case. They won’t work.

Our national economy should be seeing soaring job growth but, on the contrary, it is difficult to locate any American business or industry that isn’t starved for workers — even when offering higher pay or hiring bonuses. As a result, those who are willing to work are increasingly difficult for employers to […]

Poll Finds Majority of Newark Residents Support Guaranteed Income Pilot

Poll Finds Majority of Newark Residents Support Guaranteed Income Pilot

A guaranteed income pilot program launched in May that will provide financial assistance to a select group of residents was found to be supported by a majority of the city’s population. NEWARK, NJ — A guaranteed income pilot program launched by Newark Mayor Ras Baraka in May that will provide financial assistance to a select group of individuals was found to be supported by a majority of residents, according to a recent poll commissioned by Newark-based nonprofit Project Ready .

More than three-quarters of Newarkers (77%) support the concept of a guaranteed basic income program for the city while 14% […]

5 steps to understanding your pension

5 steps to understanding your pension

Pensions have changed radically over the years. Today, there’s a myriad of different types and some are easier to get your head around than others.

To avoid unnecessary stress, make sure you understand what your pension is and how it works now. Not only could it save you a headache later, but you can learn how to take advantage of your pension’s rules. This will make retirement planning so much easier and, you never know, you might find out you can retire earlier than you thought.

We hope you find these 5 steps helpful, but please remember this article isn’t personal […]

Why You Should Get An Annuity: A Short Explanation

Why You Should Get An Annuity: A Short Explanation

This story originally appeared on Due

Not everyone understands how annuities work as a financial tool. But as a piece of your complete retirement strategy, there are plenty of good reasons why you should get an annuity.

An annuity offers a lot of great benefits for the annuity holder. Thinking about your long-term financial goals and how much risk you’re willing to take will help you decide. Here’s why you should get an annuity, if these attributes appeal to you. What is an annuity? As a quick refresher, an annuity is a contract you sign with an insurance company […]

How technology has become the backbone of the Indian BFSI industry

How technology has become the backbone of the Indian BFSI industry

Embracing advanced digital solutions and modernising banking infrastructure has become essential for banks to have an edge in the highly competitive BFSI industry.

The BFSI sector in India is rapidly changing for the better. With the evolution of innovative, new-age technologies like Artificial Intelligence (AI), Machine Learning (ML), and more, digital banking is climbing new heights.

We are witnessing a revolution in the fintech world that has transformed the banking industry into a far more efficient and profitable business. Many people are inclining towards digital interactions and transactions with their banks. The powerful digital software capable of facilitating smooth customer onboarding, […]

Employers Are Begging for Workers. Maybe That’s a Good Thing.

There has been a bit of panic lately over employers who say not enough people want to apply for open jobs. Are we facing a labor shortage? Have stimulus checks and expanded unemployment insurance payments created an economy full of people who don’t want to work — and who are holding back the economic recovery? That’s one theory, anyway. But it’s leading to real policy change: 25 Republican governors have cut off expanded unemployment benefits early.

You can also tell a different story: The continuing threat of the coronavirus and the ongoing traumas and child care disruptions mean lots of […]