Category: Basic Income

An experiment with a form of universal basic income (UBI) in Finland has gained a huge amount of attention and sparked a new round of debate about the hotly debated topic.

In a recent article , two Finnish experts, Olli Kangas and Heikki Hiilamo, explained why the trial is being carried out and what they aim to learn from it.

Mr Kangas is director of government and community relations for Kela, the Social Insurance Institution of Finland and is one of the study’s designers, while Mr Hiilamo is a professor of social policy at the University of Helsinki and Kjell Nordstokke […]

Full Post at www.independent.co.uk

Read more at BigThink.com: http://bigthink.com/videos/joscha-bach-how-ai-will-reinvent-money-jobs-and-civics

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Facebook: https://www.facebook.com/BigThinkdotcom Twitter: <a href=”https://twitter.com/bigthink” target=”_blank” rel=”nofollow”>https://twitter.com/bigthinkJoscha Bach: I think the question of whether we should be afraid of strong A.I. taking over and squashing us like bugs because it doesn’t need us for the things that it’s doing is exactly the same question as if we should be afraid of big corporations taking over and squashing us like bugs. Because big corporations are already agents: they are already intelligent agents in some sense. They’re not sentient. They borrow humans right now for their decision making. […]

Full Post at www.skeptic.live

Participants are reporting lower stress levels and a greater incentive to work Universal Basic Income is hot news. As support for it grows across the political spectrum, governments around the world are embarking on pilot studies to evaluate its potential. In a study currently being conducted in Finland , participants are reporting lower stress levels and a greater incentive to work. With record levels of reported stress, and the job market in the UK becoming harsher and more competitive, it’s time the UK seriously considered introducing a Universal Basic Income.

For many people in Britain today, the reality is that […]

Full Post at www.independent.co.uk

By replacing low-wage cashiers and other retail workers with robots, the retail sector’s struggling companies can engineer a potentially life-saving boost in profits. But as advances in artificial intelligence continue to accelerate, according to the World Economic Forum, large swaths of laborers are going to lose their jobs, leading to unprecedented levels of unemployment.

How to distribute the profits that will accrue to corporations thanks to this paradigmatic shift in labor-market conditions has been the subject of intense debate, as it has the capacity to create a sharp drop in living standards across developed economies.

So how can governments ameliorate this […]

Full Post at www.zerohedge.com

The intent for an income guarantee is laudable. We all want to see people do well, particularly the most vulnerable. But will the results be those that are intended?
To me, there is a fundamental problem with the concept. Income guarantees address the symptom of poverty, not the causes.
Perhaps a fable will illustrate this point.
Once upon a time, in a place not unlike our own, there was a medical clinic. It had many doctors and nurses but there always seemed to be unmet needs; people waiting, maladies untreated.
The administrator of the clinic took note that there […]

Full Post at www.theguardian.pe.ca

This post was originally published on this site

As many as half of U.S. households experience what researchers call “income volatility,” meaning their income can go up or down by 25% or more from one month to the next — a statistic we reported on in “ When there’s too much month at the end of the money .”

How to help people cope with these fluctuations has become a hot topic, especially among those who work in the financial inclusion sector. Several speakers talked about this challenge at the annual Emerge conference that the Center for Financial Services Innovation […]

Full Post at fintechlab.com.br