Category: Basic Income

Opinion Proponents of the universal basic income overlook its potential to be a reverse Robin Hood scheme. The resurrection of universal basic income (UBI) proposals in the developed world this year gained support from some prominent Australians.

But while good in theory, it’s no panacea for the challenges of our modern economy.

UBI proposals centre on the idea that the government would pay a flat fee to every adult citizen, regardless of his or her engagement in skill-building activities or the paid labour market, as a partial or complete substitute for existing social security and welfare programs.Of the schemes run in […]

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Basic income is a contentious – and common – subject these days.

The concept of robots taking over people’s jobs used to be something out of science fiction movies, but that’s not the case any longer.

Automation is real. It’s increasing and improving. And it seems increasingly likely that there will be far less jobs in the future, especially for people who lack the education, intelligence, or interest to participate in the new economy and workforce that will develop as a result.And so you have a lot of people who believe that basic income is the only possible solution at this […]

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In Brief

With automation poised to take over an estimated 57 percent of jobs, many are turning to universal basic income (UBI) as a possible solution to widespread unemployment.

t UBI systems are already being tested in countries such as Canada, Finland, and the Netherlands, so hard data on the practicality of such systems should be forthcoming. Disruption and Displacement While technological advancements in artificial intelligence (AI) and robotics will clearly make a lot of processes easier and more cost-effective, the impending repercussions need to be addressed before the inevitable happens. As automation begins to take over several jobs, […]

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In the 1950’s technology it was predicted would free people from drudgery jobs and allow people to spend more time in leisure activities. This assumed that the freed up time would be spread out equally, but what happens in reality is that there are big winners and losers. The losers, generally those without the qualifications to make it in the knowledge economy became the unemployed and people received a subsistence living, if they weren’t working. There are now generations of families who have been unemployed or underemployed and there is never any political will to get them back into […]

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Tourist brochures frequently describe Goa as some kind of utopia and the Economic Survey – expected at the end of January, a day before the next Union Budget – could go some way in bridging the gap between imagination and reality. The document will discuss the feasibility of implementing basic income, an unconditional cash transfer for all residents that could bring improvements in health, nutrition and education.

In Goa, the basic income could come out of the Goa Iron Ore Permanent Fund, created by the Supreme Court in April 2014 as part of its judgement in a case regarding widespread […]

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A new report from the investment service Wealthify reveals that many Scottish people are unable to save for the future because of “zero hour contracts, insecure work and low pay.” Moreover, according to the report, Scottish women save less than half of the money of men, and 10 times less than some areas of England.

Campaigners have proposed a universal basic income (UBI) in response to this–such as Kirstein Rummery, Professor of Social Policy at the University of Stirling, whom Nathanael Williams interviewed in a Commonspace article about the Wealthify report.

Rummery said, “The only real policy solution would be Universal […]

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What the fuck are you going on about? if we’re going to go for $70,000, we might s well shoot for the moon. After all, it’s just a number. If we’re going to follow your logic, why not $7,000,000,000.00? That doesn’t make any sense. $70,000 a year wasn’t a made up imaginary number. He wasn’t suggesting we print money until our press breaks. Money represents wealth. And soon there will be enough wealth that we could give every citizen $70,000 a year while maintaining the purchasing power of the dollar. In the united states, our lowest universal basic income […]

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