Category: Basic Income

A Deliveroo courier The battle over this radical policy is moving gradually into the mainstream.

Shadow chancellor John McDonnell has called universal basic income (UBI) “an idea whose time may well have come”. It means a fixed regular payment to each citizen, irrespective of income or behaviour. It is seen by both socialists and Silicon Valley as a panacea for the post-industrial world, addressing unrestrained inequality, economic insecurity, and automation-generated unemployment in the modern economy.

Guy Standing, a professor at Soas and founding member of Basic Income Earth Network (BIEN), says a “perfect storm of factors have suddenly pushed us into […]

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Author: Shivangi Arya

Just think of the world where everyone is having some amount of money in their hand. Now think of a person who is being paid a thousand rupees per month for free or should I say that the government is paying him/ her for just being alive. That would be the case once the UBI or the Universal Basic Income becomes a reality where every individual is granted a minimum income. But is this concept of cash payment to the citizens of a country irrespective of their wealth a newly planned one? Or should I question, […]

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RT:

Published time: 24 Jul, 2017 06:38

Billionaire Mark Cuban has warned that problems arising from artificial intelligence must be dealt with now to prevent mass unemployment.Speaking at the OZY festival Sunday in New York’s Central Park, the Dallas Mavericks owner predicted massive upheaval in the worlds of science, technology and commerce in the coming decades. “However much change you saw over the past ten years with the Apple iPhone, that’s nothing,” said Cuban, adding that he is concerned about artificial intelligence making everyday business practices obsolete. “There’s going to be a lot of unemployed people replaced with technology and if […]

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correctly identifies that the cause for economic anxiety and stagnation is the “dictatorship of the market”. From this, UBI would inarguably set us free. Basic Income: A Radical Proposal for a Free Society and a Sane Economy Freedom is the criterion against which the pros and cons for BUI are measured—and thus work in the abstract is by no means devalued in the arguments.

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One of Twitter’s better-pinned tweets I’ve seen comes from @edzitron who, in early 2014, speculated on what we as a planet could offer extraterrestrial life forms: “[[[hello […]

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Globally, an economic debate is underway as heads of major economic institutions are perplexed at the broken link between wages and inflation. The world economy is growing but wages are stuck and labor productivity is lagging. One answer being offered these days is Universal Basic Income (UBI), a concept first proposed by Thomas Paine in the 1700s and currently experiencing a renaissance.

What should we think of UBI: Is it a total farce or does it possess genuine economic merit?

The first thing to point out is that the debate over UBI is a theoretical one. Despite being around for centuries, […]

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There is a common fallacy in this subreddit that says basic income is inevitable because it’s necessary. The fallacy is in the assumption that being necessary makes it inevitable.

Without basic income, the extremes of wealth and poverty could just keep getting more and more extreme, forever.

A lot of people who favor basic income might become impoverished in the future, to the point where their views might no longer be heard, because they might no longer have the money to pay for internet access or anything.Even elections could be distorted towards the wealthy. Cars and their fuel might become unaffordable […]

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Robot developers are close to a breakthrough that could revolutionize workplaces: developing a machine capable of picking and packing online orders.

The Wall Street Journal reported that companies including Hudson’s Bay Co., and Chinese online retail giant JD.Com have begun testing robotic pickers at their distribution centers, some capable of working 50 percent faster than human workers. The explosive growth of online commerce has placed companies under pressure to pack and ship goods quickly. There has been a surge in hiring in packing departments to meet the demand, however using robots to help fulfill online orders could help cut […]

Full Post at www.newsweek.com

SpaceX CEO Elon Musk unveils his plans to colonize Mars during the International Astronautical Congress in Guadalajara, Mexico, in 2016. The idea of a universal basic income is gaining traction, in think tanks and in Silicon Valley, as a response to the rise of outsourced and automated labor. If everyone were guaranteed a minimum salary to meet the basic needs of food and shelter, so the argument goes, then people would be free to allocate their time according to their own preferences. A universal basic income could alleviate poverty, reward traditionally unpaid labor, and encourage entrepreneurial risk-taking.

But who would […]

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With trials already underway in Kenya , Finland , and Oakland , and several others planned elsewhere, basic income is starting to get a thorough testing. The idea of direct cash transfers to meet basic human needs has been getting a lot of attention in the media, from Silicon Valley leaders, and among academics and think tanks. It can’t be long before a city or state in the United States experiments with basic income for itself (Oakland’s pilot is run by Y Combinator, a startup incubator).

Several are apparently discussing the possibility behind closed doors, but Hawaii has come the […]

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