Category: Basic Income

A file photo of former RBI governor Raghuram Rajan who says that India has to embrace technology and become a leader in the digital transformation taking place around the globe without being bogged down by unfounded fears of job losses, incomes or machines replacing humans. Photo: Indranil Bhoumik/Mint Kochi: Former Reserve Bank of India (RBI) governor Raghuram Rajan on Friday expressed fears that artificial intelligence (AI) would take up jobs—both high skilled and unskilled.

With advances in machine learning, artificial intelligence and robotics, this was going to change still further, as they take up the jobs,ranging from those in unskilled […]

Full Post at www.livemint.com

Former RBI Governor Raghuram Rajan today expressed fears that Artificial Intelligence would take up jobs–both high skilled and unskilled.

With advances in Machine Learning, Artificial Intelligence and Robotics, this was going to change still further, as they take up the jobs,ranging from those in unskilled sweatshops to high-skilled professions like medicine, the former RBI Governor said.

"What jobs will humans be able to do in 10-15 years that are immune from threat?Jobs that require high intelligence and creativity; jobs that require human empathy and jobs where human working for us bolster our status in some way," he said, delivering the keynote […]

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Posted by: I hate Uber ( )

I might have missed something but when did LDS leaders discuss the two big fears of today?

* That almost every job will become obsolete and that automation is already outstripping job creation worldwide. * That our descendants will live their lives under total surveillance.Both of these processes are well underway. Yet the LDS wants to discuss pornography more. The idea that almost evrryone will be unemployed is anathema to Mormonism & its work ethic yet it will come as the direct result of (neo)liberal economics practised by most governnents.Ezra Taft Benson would be […]

Full Post at www.exmormon.org

The economist emphasised the need to improve the education sector and skill building in India and also batted for Universal Basic Income.

PTI Former Reserve Bank of India Governor Raghuram Rajan on Friday said there was possibility that artificial intelligence could take over jobs that need both skilled and unskilled workers. Jobs ranging from those in unskilled sweatshops to high-skilled professions such as medicine could see a vast change with advances in machine learning, the economist said at the #FUTURE Global Digital Summit, organised by the Kerala government, PTI reported.

He, however, said India has to embrace technology and […]

Full Post at scroll.in

Picture: credit to Engineers Ireland.

Steffen Hertog , Associate Professor in Comparative Politics in the Department of Government at the London School of Economics and Political Science , has published a paper in Energy Transitions (Hertog, 2017) which relates the efficiency in wealth sharing and basic income.

The paper makes the case that hydrocarbon producers with higher rents per capita make a unique category of the rent-dependent nations. Those that face specific development challenges not present in mid-rent nations.With a look into the patterns of rent distributions in high-rent countries, excessive public employment, and energy subsidies, Hertog argues that these […]

Full Post at basicincome.org

The former RBI Governor said another aspect of the fear was where the incomes would come from; the answer to which was an assured Universal Basic Income. KOCHI: Former RBI Governor Raghuram Rajan today expressed fears that Artificial Intelligence would take up jobs–both high skilled and unskilled.

With advances in Machine Learning, Artificial Intelligence and Robotics , this was going to change still further, as they take up the jobs , ranging from those in unskilled sweatshops to high-skilled professions like medicine, the former RBI Governor said.

"What jobs will humans be able to do in 10-15 years that are immune […]

Full Post at economictimes.indiatimes.com

Labour Labour Party UBI Universal Basic Income is a concept that has been growing dramatically in popularity within certain circles in Britain’s political landscape. John McDonnell is leading the campaign for the idea within Labour, while outside our party some SNP councils are also trialling schemes.

Before committing ourselves to this policy, there are some important questions to be addressed, from the political and financial costs incurred by UBI to its effects on the redistribution of wealth, which must lie at the heart of Labour politics.

First, let’s discuss the necessity of UBI. Its supporters claim that new technology and […]

Full Post at labourlist.org

Imagine you have purchased a Pennsylvania lottery ticket for the fun of it one night while stopping for some snacks at a local gas station. You have no expectation of winning anything but rather just want a little thrill. The next night, you tune into the drawing of the winning numbers and cannot believe what you are seeing when your numbers match exactly. You might not have won $100 million, but for your small investment of $1 into a ticket, you will now be receiving $1,000 a month for the rest of your life.

You probably won’t be able to […]

Full Post at theramblernews.com

The idea of a universal basic income (UBI) has gained increased popularity over the last few years. While it used to be a fringe group that supported it there are now prominent advocates for the concept of a universal basic income like Elon Musk. The basic idea is simple and has been around in some form or another for a long time. Every human being would be entitled to a periodic income that would not be affected by your social, academic or career background. This system would be a big change for our current economy and it would have […]

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