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 […]

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 […]

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 […]

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 […]

Welsh Government should broaden Universal Basic Income pilot – report

Senedd Committee say including different groups will give more evidence on how scheme could work

Last updated 22 hours ago

A report looking at the Welsh Government’s proposed Universal Basic Income (UBI) pilot for care leavers has concluded that more benefits would be derived from a broader trial.The report was produced by the Senedd Petitions Committee in response to a petition submitted in August 2021 which called for an expansion of the UBI pilot and gained over a thousand signatures.Universal Basic Income is the idea that a government should pay all individuals a set salary – regardless of their means.Last year, […]

A Marxist Cheer for the Last Frontier

A Marxist Cheer for the Last Frontier

The Last Frontier has given us gas, gold, and glory. It’s time for us to borrow some economic policy, too.

Alaska, a state most Americans know best for its iconography of Denali and a grizzly bear snatching a salmon between its teeth, is an American outlier in many regards. The state’s political leanings are no exception—Alaska has the largest number of Independents in the Union, a symptom of its citizens’ distrust of the nation’s political institutions. Even though Alaska’s populace overwhelmingly identifies as Independent, much of its polity subscribes to the Republican ideology of small government on all […]

Minimum basic income for urban and rural poor need of the hour

Minimum basic income for urban and rural poor need of the hour

SPECIAL ARTICLE By Nitya Chakraborty

The Oxfam inequality report released coinciding with the virtual meeting of the World Economic Forum on Davos Agenda, has exposed in a candid manner how the two year pandemic has widened the inequality in the Globe including India. Specifically for India, the situation is grimmer as the present Government lacks the social security system to protect the poor and the distressed resulting in further deterioration in the livelihood of the poor.
Presently, discussions are going on in the Finance Ministry and the PMO about the shape of the 2022-23 budget and all suggestions are […]