Mayors vow to launch guaranteed income programs across US

A growing number of mayors across the country support giving cash to low-income families with no restrictions on how they can spend it

SACRAMENTO, Calif. (AP) — A growing number of mayors across the country support giving cash to low-income families with no restrictions on how they can spend it — part of a growing movement to establish a guaranteed minimum income to combat poverty and systemic racism.

Mayors in at least 25 cities — from Los Angeles to Paterson, New Jersey — have pledged to support such programs as part of the group Mayors for a Guaranteed Income. They […]

Government urged to start free-wage-for-all scheme in Leeds

Government urged to start free-wage-for-all scheme in Leeds

Decision-makers in Leeds will ask the Government to pilot a scheme in which working age people would be given a free wage, writes Richard Beecham.

It follows a Leeds City Council meeting yesterday where councillors agreed to put pressure on Whitehall to trial a universal basic income scheme in the city, which would involve a no-strings-attached monthly payments to each citizen, regardless of their work status.

The idea received support from Liberal Democrat, Labour and Green councillors, who hailed it as a way to bring financial security to individuals, and reduce poverty and inequality in the city.But it was met […]

Support a shorter working week to save jobs

Support a shorter working week to save jobs

Future Generations Commissioner Sophie Howe Flexible support is urgent and we must consider a shorter working week if we’re to save jobs and rebuild the economy better, says the Future Generations Commissioner.

Sophie Howe and Shavanah Taj, General Secretary of the Wales TUC, have written a joint letter to the UK Treasury this week, urging the chancellor, Rishi Sunak, to consider approaches such as a reduced working week to protect jobs before the furlough wage support scheme ends in October.

Calling for ‘targeted and flexible support’ in the next stage of recovery, to benefit areas of the economy which continue […]

‘A post-growth’ society

‘A post-growth’ society

Dr. Florangel Rosario Braid PAGBABAGO

This truth we already know – that economic growth is bound to end with or without the coronavirus.

It is said that the current global population would require the equivalent of five Earth-like planets to support the present global population. Which means that the carrying capacity of our planet had been severely compromised.These are signs of the negative feedback or “yellow flags.”Explosion of human consumption.Gross human ecological dysfunction.We are using nature’s goods and life support. The exponential growth of our economy entailed extracting natural resources and dumping polluting waste will eventually reach its limits too […]

OPINION: Let Covid-19 relief grant continue until we find solution to unemployment

OPINION: Let Covid-19 relief grant continue until we find solution to unemployment

File Picture: Neil Baynes The poor and the unemployed should not be abandoned after the expiry of the Covid-19 grant next month.

Although the level of the Social Relief of Distress Grant of R350 a month is not enough to cover a decent standard of living, it has contributed to poverty relief in a context of massive job losses arising from the pandemic.

It is evident that, for the foreseeable future, the slow-growth economy will not have the capacity to absorb all the unemployed.It is, therefore, important the government seriously considers the extension of special Covid-19 grant beyond next month and […]

Annuitization Options Are Not, Actually, New: TIAA Exec

Annuitization Options Are Not, Actually, New: TIAA Exec

George Washington on a dollar Teachers Insurance and Annuity Association (TIAA) has used group annuities to give millions of teachers a comfortable retirement, by offering them annuity-based versions of the 403(b) plan — the ancestor of the 401(k) defined contribution plan.

Since TIAA popularized the 403(b) plan, it has turned into such a big, diversified retirement services provider that even some people in the financial services sector have no idea that, in its heart, TIAA is an insurance company.

Now, TIAA is putting the focus back on annuities, by promoting efforts to add “annuitization options,” or access to lifetime income annuities, […]

Developing nations may need to spend GDP’s 3.8% on basic income security, healthcare: ILO

Developing nations may need to spend GDP's 3.8% on basic income security, healthcare: ILO

ILO estimate shows currently, only 45% of the global population is effectively covered by at least one social protection benefit. Developing countries will need to invest $1.2 trillion or an average 3.8% of their GDP while the low-income countries will need to pump in $80 billion or 16% of their GDP to guarantee at least basic income security and access to essential health care for all in 2020 alone, the International Labour Organisation has said.

ILO estimate shows currently, only 45% of the global population is effectively covered by at least one social protection benefit. The remaining population, more […]

Downscaling consumption to universal basic income level falls short of sustainable carbon footprint in Finland

Highlights

• Carbon footprint at the UBI consumption level is 4.8 tCO 2 -eq per capita. • UBI carbon footprint is around half of the average carbon footprint in Finland. • Downscaling consumption alone is not enough to achieve sustainable lifestyles. • Additional mitigation solutions are needed alongside downscaling. • At a societal level, downscaling is hard to reconcile with high social security. Abstract

Human economic activities and following carbon emissions have been recognized to be a real threat to the environment. The current levels of consumption-based carbon footprints in all developed economies grossly exceed the sustainable level. Scientists […]

How Leeds workers could qualify for a new ‘free wage’ regardless of salary

How Leeds workers could qualify for a new 'free wage' regardless of salary

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Decision-makers in Leeds will ask the Government to pilot a scheme in which working age people would be given a free wage.It follows a Leeds City Council meeting where councillors agreed to put pressure on […]

The USPS Wanted To Send Out 650 Million Masks—Here’s Why They Couldn’t

The USPS Wanted To Send Out 650 Million Masks—Here’s Why They Couldn’t

Photo: Chelsea Lauren/Shutterstock.

People everywhere have had to adjust to a new way of life since the coronavirus pandemic completely altered the world as we know it, and some governments have been more proactive in their approach than others. As some countries took aggressive steps to prevent the virus’s spread — like developing COVID tests early on in South Korea, or passing a monthly Universal Basic Income (UBI) in Spain — several senior Trump officials fought an initiative to deliver millions of reusable face masks directly to American families nationwide.

According to 10,000 pages of United States Postal Service documents obtained […]