Universal Basic Income

Universal Basic Income

Please register to participate in our discussions with 2 million other members – it’s free and quick! Some forums can only be seen by registered members. After you create your account , you’ll be able to customize options and access all our 15,000 new posts/day with fewer ads. Yes, this will help California citizens achieve more because they will have stable finances. 5 29.41% I’m positive on the idea, but I think there are more important priorities to be funded first. 1 5.88% I don’t know enough about it to make a decision 1 5.88% Not really, even if […]

Bill Gates on AI healthcare and the universal basic income

. Feb 28, 2017 Bill Gates hosted a Q&A session on Reddit yesterday. Feb 17, 2017 He doesn’t mention journalism, and I think all of us writers have accepted that our fate is to be replaced with AI in the near future. ‘Jul 21, 2017 As developments in artificial intelligence and robotics advance, there is going to be a severe and swift disruption of many working classes. They advocate a Universal Basic Income (UBI), a payment by the government that provides for the basic wants and needs of the Jun 29, 2017 As AI and automation eliminate jobs, some […]

Institutional Retirement Income Council Supports Retirement Enhancement and Savings Act of 2018

WASHINGTON, April 16, 2018 (GLOBE NEWSWIRE) — Saying the legislation will greatly enhance the retirement security of millions of Americans, the Institutional Retirement Income Council (IRIC), a non-profit think tank for the institutional retirement industry, has embraced the Retirement Enhancement and Savings Act of 2018 (RESA) introduced in the Senate last month.

In a comment letter submitted to Senators Orin Hatch and Ron Wyden, co-sponsors of the legislation, IRIC endorsed the bill’s provisions that promote lifetime income strategies in employer-sponsored retirement plans. Those provisions include: requiring that benefit statements show lifetime income projections at least once per year, improving the […]

Universal Basic Assets Could Be The Foundation To Build An Equitable Society

Universal Basic Assets Could Be The Foundation To Build An Equitable Society

Work isn’t the universal provider it used to be. It pays some people decent wages and benefits. But, these days, it leaves a lot of people short of what they need to earn. For example, only 15% of retail workers nationwide make a living wage, according to Just Capital , a corporate responsibility research firm. Many new jobs are either temporary or offered on a contract basis , not full time, meaning they don’t provide the middle-class security that traditionally came with a job.

And that’s before we address the looming threat of automation . Once robots and artificial intelligence […]

UK lawmakers warn against tech giants dominating AI industry

UK lawmakers warn against tech giants dominating AI industry

The lawmakers also urged government to be vigilant about the potential for widespread job losses due to the adoption of AI across the economy, but stopped short of endorsing any radical policy solutions, such as a universal basic income, that some have advocated. — Bloomberg An influential body of UK lawmakers said regulators should stop major tech companies from dominating the field of artificial intelligence, and also warned on the potential of widespread unemployment due the technology.

British antitrust regulators should be mindful that large datasets on which artificial intelligence depends on are not monopolised by a handful of large […]

Basic Income and the ecologic transition

Basic Income and the ecologic transition

During the last year, I asked myself how the implementation of a Universal Basic Income (UBI) would affect our society and boost or undermine the transition to a sustainable way of living.

We live a complex world where many factors are inter-related and result into visible crises: forced migration, unemployment, violence, hunger and extreme poverty, among others. Pope Francis says we live one single crisis, which is complex and interconnected. The root of this crisis is at the way we behave: competing instead of collaborating and fighting for resources instead of sharing what we have as humankind.

As a result, in […]

Testing a universal basic income

Testing a universal basic income

Technology is changing the kinds and number of jobs we have in this economy, so there’s a push to give people who lose out a guaranteed minimum income. How big would that check be? And who would it come from? Questions for Lee Cowan to answer in our Cover Story:

Sometimes a sign in a window can be a sign of the times. And the one emblazoned outside Cafe X in San Francisco says it all: "Robotic Coffeebar."

Now we all know robots are coming for our jobs, eventually, and maybe that’s why no one here seemed particularly surprised at […]

Basic income could empower millions of Indians but India may find

Others like development economist Jean Dreze supports the concept of a universal income but term it as “futuristic” in the Indian context. There have been tons of suggestions for how to fund the payments and for how big they should be. 28 Mar 2017 Indians could shrink national poverty from 22 percent to 0. With basic income T2 would start further down the x axis, Aug 14, 2016 In a new report published by Mastercard Center for Inclusive Growth this week, Chief Economist, Yuwa Hedrick-Wong, highlights how empowering the 164 million Indian households who are not poor but not […]

UK warns of tech majors’ control of AI

UK warns of tech majors' control of AI

The UK is concerned big tech firms could monopolise artificial intelligence and says a skills shortage is looming for the country. Kiyoshi Ota/Bloomberg An influential body of UK policymakers said regulators should stop major tech companies from dominating the field of artificial intelligence, and also warned on the potential of widespread unemployment due the technology.

British anti-trust regulators should be mindful that large datasets on which artificial intelligence depends on are not monopolised by a handful of large technology companies, such as Alphabet, IBM and Microsoft, the House of Lords Select Committee on Artificial Intelligence said in a report published […]

U.K. Lawmakers Warn Against Tech Giants Dominating AI Industry

U.K. Lawmakers Warn Against Tech Giants Dominating AI Industry

British antitrust regulators should be mindful that large datasets on which artificial intelligence depends on are not monopolized by a handful of large technology companies, such as Alphabet Inc., International Business Machines Corp. and Microsoft Corp., the House of Lords Select Committee on Artificial Intelligence said in a report published Monday.

"Large companies which have control over vast quantities of data must be prevented from becoming overly powerful within this landscape," the report, which followed a nine-month inquiry into all aspects of AI development in the U.K., said. The committee received 223 pieces of written evidence and interviewed 57 witnesses […]