By Pedro Sousa
* This article was originally published by the Australian Institute of International Affairs .
The concept of a universal basic income has received renewed attention in 2016 . The general frustration with mainstream politics and the finance sector—manifested in the Brexit and US election votes—is indicative of the view that the economic system in the West is deficient. Inequality is growing, welfare costs are increasing, and technological disruption is escalating; prompting some to warm to the idea of a guaranteed basic income for everyone. The technological revolution and the resulting digital economy are driving the increasing […]
CEOs could soon have a lot less staff to manage, whether they like it or not.
universal basic income A new survey indicates the once pie-in-the-sky notion of paying all citizens regularly for doing absolutely nothing is gaining traction in America, amid rising voter concerns about income inequality and the threat to people’s jobs posed by robots.
The poll of 500 Americans found that 46% supported the introduction of a so-called universal basic income, or UBI. Just 35% opposed the idea, while 19% were undecided.The survey was commissioned by a collective of nonprofit, political and technology organizations including Bloomberg-backed […]
Image: Ismo Pekkarinen / AOP The Social Insurance Institution of Finland, better known as Kela, has randomly chosen 2,000 unemployed persons as a random sample to participate in a basic income trial. The selected candidates will be informed on December 28, and participation in the pilot is compulsory.
Once the trial begins, recipients of the basic income will have to give up their basic unemployment allowance or labour market subsidy, but the basic income will not affect other benefits.
Officials are hoping that participants in the trial will be motivated to find temporary or part-time work. However they will also be […]
Smiths Falls Record News
The idea of Smiths Falls vying to be one of the municipalities in Ontario to test out a basic income pilot project was shot down at council’s committee of the whole meeting on Dec. 19.
The purpose of the basic income pilot project would be to test replacing the broad policing, control and monitoring present in the current Ontario Works and the Ontario Disability Support Program (ODSP) with a "modestly more generous" basic income which would be disbursed automatically to those living beneath a certain income.In a priority issue put forward by the town’s chief administrative officer, […]
Starting January 1, 2017 Finland will provide 2,000 unemployed citizens with 560 Euros every month for two years. The nation hopes that the basic income experiment will improve quality of life for its citizens while opening up new jobs.
If you currently collect unemployment in Finland, you risk losing your benefits if you start to bring in side income. The country has discovered that the regulations behind this safety net effectively deter people from seeking part-time jobs. Starting a new company or joining a startup is also risky, and many people need the reliability of an unemployment […]
As technology gets more and more advanced, it stands to reason that the United States’ economy will continue to get more and more automated. And it follows in turn that as more and more jobs are lost to automation , more and more people will find themselves out of work and without any immediate apparent means of support. Naturally, opinions vary on solutions to the problem, and one of them is the concept of universal basic income, an idea which can now count Facebook co-founder Chris Hughes among its interested parties.
Hughes is just one of more than a hundred […]
Obama Talks AI and UBI
In a recent interview with Wired editor-in-chief Scott Dadich and MIT Media Lab director Joi Ito, President Barack Obama discussed the importance of exploring the concept of universal basic income (UBI) as it relates to the rise of technology and artificial intelligence (AI).
AI could fundamentally change employment in the future, and Obama notes that is already ingrained in our daily lives in more ways than we could imagine, citing the medical and transportation industries at the forefront. And while AI is inevitably poised to create a more productive system and possibly a more efficient […]
" …automation and basic income is a development that will free us to do lots of incredible things that are more aligned with what it means to be human. ” — Albert Wenger (Partner, Union Square Ventures )
Experts vary in their assessment of exactly how many jobs may be lost due to the rise of automated technologies in the workforce (robot automation, driverless vehicles, artificial intelligence, etc.), but economists, technologists, and politicians alike agree that, for the most part, the number of jobs at risk of being squeezed out of existence could be in the tens of millions, globally, […]
In 2017, we’ll have some real data available on whether universal basic income is a good idea.
Y Combinator’s Sam Altman is a big booster of the idea of a basic income. Brian Ach/Getty
The concept is simple enough: Governments pay people for doing nothing. In place of state benefits, people would receive income regardless of their situation. Proponents say that such a system could alleviate poverty, and help provide people who are just about managing with a little freedom to escape low quality jobs and access education. As more jobs are lost to automation, the argument goes, a universal […]
Obama: In the Age of Autonomy, Universal Basic Income Will Enter Our Debates
OBAMA TALKS AI AND UBI
In a recent interview with Wired editor-in-chief Scott Dadich and MIT Media Lab director Joi Ito, President Barack Obama discussed the importance of exploring the concept of universal basic income (UBI) as it relates to the rise of technology and artificial intelligence (AI). AI could fundamentally change employment in the future, and Obama notes that is already ingrained in our daily lives in more ways than we could imagine, citing the medical and transportation industries at the forefront. And […]