Category: Basic Income

Aug 17, 2017 (LBO) – Billionaire Richard Branson has joined the growing number of voices urging caution against rapid uptake of AI and automation that may lead to governments paying workers’ salaries.

Governments will have to implement “universal basic incomes” in effect paying workers’ salaries, if automation does take root.

Analysts say the fourth industrial revolution goes hand in hand with the ‘gig’ economy. This is where workers get paid for short-term work they do, such as being couriers, ride-hailing drivers or video producers.In the UK an estimated five million people are employed in this way.Such workers, classed as independent contractors, […]

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CEO and Founder of Virgin Group Sir Richard Branson speaks at Climate Week NYC event at the Morgan Library and Museum in New York City on September 22, 2014. On August 14, the billionaire came out in favor of universal basic income due to the possibility technology will reduce jobs. Photo by John Angelillo/UPI | License Photo

Aug. 17 (UPI) — Billionaire Sir Richard Branson said in a blog post that universal basic income might be a valid method of dealing with the advent of technology reducing the overall number of jobs for workers.

"A lot of exciting new innovations are […]

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Virgin boss says the concept of a ‘universal basic income’ should be further explored to see how it can work practically

Cites Finland as an example of countries where trials are already happening

The hope is that the policy can help people struggling to get on their feet, be entrepreneurial and be more creative without fear of losing money Richard Branson , says he believes a ‘universal basic income’ could be the way of the future and he would like to see more countries experiment with the ideaEccentric billionaire businessman, Richard Branson , says he believes a ‘universal basic […]

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Sir Richard Branson has joined the ranks of billionaire entrepreneurs extolling the virtues of giving people a universal basic income.

The Virgin founder said that the rise of Artificial Intelligence (AI) and new technology means that many jobs will be replaced in future.

Why advertise with us He said that he was in Finland which is experimenting with paying its unemployed citizens 560 euros a month, replacing previous social benefits.The scheme is open to 2,000 Finns aged between 25 and 58, and Branson said it was good that it encouraged the dignity and purpose of work without the fear of […]

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Virgin Group founder Richard Branson warns about tech taking over jobs and points to a solution. Close

Billionaire and Virgin Group founder Richard Branson is the latest businessman to say that universal basic income (UBI) can help people as jobs are lost to automation.

In a post, Branson detailed his experience is Finland, where the country is already experimenting with UBI. Since January, Finland has been paying those who are unemployed €560, part of its two-year experiment on 2,000 Finns aged 25-58. The money, which replaces previous benefits, is paid even if the individual finds a job, in an effort to […]

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A Stipend for Self-Esteem

English business mogul Sir Richard Branson thinks the modern world could benefit from universal basic income (UBI). The Virgin founder published a blog post on the company’s website outlining why he believes the system deserves consideration. Click to View Full Infographic In the post, Branson describes his experiences during a recent trip to Finland, where a nationwide experiment with UBI that provides 2,000 Finns with an unconditional income of €560 (roughly $655) monthly was launched earlier this year.

UBI has frequently been touted as a potential solution for the unemployment surge expected to result from the […]

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The province is expected to shed some more light on the basic income pilot project.

They’re holding another information session next week in Thunder Bay.

The three-year study will test how a basic income might improve the health, education and job prospects of those living on low incomes.Those who take part and are single could be paid almost $17,000 and couples up to $24,000. The province is expected to shed some more light on the basic income pilot project.They’re holding another information session next week in Thunder Bay.The three-year study will test how a basic income might improve the health, […]

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Martin Shkreli thinks he’ll be president someday Do you think Martin Shkreli, aka the “Pharma Bro,” is destined to become an American president?

If you don’t, he certainly does . “Well, at some point I’ll be POTUS,” Shkreli wrote on his Facebook page in a post published Tuesday. He added that conservative commentator Ben Shapiro would be his vice president and alt-right pundit Milo Yiannopoulos would be his press secretary, before going on to list some more unorthodox choices: Kanye West will be head of the CIA. Stefan Molyneux will be Secretary of State. Kodak Black will be Attorney General. […]

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Sir Richard Branson has published a blog post announcing his support for research into UBI, which he believes could promote dignity, self-esteem, and entrepreneurship. He joins Elon Musk, Mark Zuckerberg, and several other wealthy, technologically savvy individuals in supporting UBI trials. A Stipend for Self-Esteem

English business mogul Sir Richard Branson thinks the modern world could benefit from universal basic income (UBI). The Virgin founder published a blog post on the company’s website outlining why he believes the system deserves consideration. Click to View Full Infographic In the post, Branson describes his experiences during a recent trip to Finland, […]

Full Post at futurism.com