Category: Basic Income

The Basic Income (RB), an unconditional monetary public allocation to the entire population, is the reason for an accelerated attention of the media, political parties, social movements and citizenship in general. Why? Five are at least the reasons or motives for explaining this growing interest in the RB, which largely coincide with the current issues of debate.

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Brexit: May claims he will never negotiate sovereignty without the agreement of Gibraltar. World News. The British prime minister guarantees to the president of the rock, Fabian Picardo, that the transfer […]

Full Post at en.zappingnews.net

Subramanian — who had mooted the idea of universal basic income or a uniform stipend paid to every adult and child, poor or rich, in the annual survey of the economy this year — said such a move will have to be completely financed from within and implemented at a mass scale.

The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.

Subramanian — who had mooted the idea of universal basic income […]

Full Post at www.moneycontrol.com

In a recent discussion in Washington, the chief economic adviser talked on Aadhaar failure rates, pushing Universal Basic Income forward and how demonetisation’s popular response humbled him.

Chief Economic Adviser Arvind Subramanian. Credit: Reuters New Delhi: The full impact of demonetisation will only be known over the course of the next few months, according to Chief Economic Adviser Arvind Subramanian.

In a talk at the Centre for Global Development, Subramanian also pointed out that the note ban’s impact on the informal sector “will be difficult to assess”, in an allusion to how recent GDP data may not be able to […]

Full Post at thewire.in

The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.

Subramanian — who had mooted the idea of universal basic income or a uniform stipend paid to every adult and child, poor or rich, in the annual survey of the economy this year — said such a move will have to be completely financed from within and implemented at a mass scale.

Universal basic income (UBI) will guarantee all citizens enough income to cover […]

Full Post at m.dailyhunt.in

If you have a MTW system in which you receive cash instead of goods, you will reduce the problems associated with the MTW system but not eliminate it.

(a) Will still be a problem. The labyrinthine bureaucracy of means-testing ensures that agents do not have enough information to know how much they can claim. Ideally, you want to make reduce the information strain on recipients because that will ensure efficiency. Transaction costs include information asymmetry, and in an MTW system, information asymmetry is always weighted against the recipients who do not really understand the ins and outs of […]

Full Post at forums.spacebattles.com

Government cannot set up a pilot plan and then turn away. The vision of “basic income” cannot serve as an excuse for inaction in the here and now. Tim Kay, 53, lost his longtime job as a window installer three years ago due to failing health. He says a basic income would have helped him avoid becoming homeless, which made his heath problems worse. Who can’t feel for Tim Kay, the 53-year-old man whose story was recounted in Tuesday’s Star as part of an explanation of the Ontario government’s plan to test out a no-strings-attached “basic income” program?

After working […]

Full Post at www.thestar.com

David Brancaccio Five years ago, Marketplace explored how machines, robots and software algorithms were increasingly entering the workforce in our series " Robots Ate My Job ." Now, we’re looking at what humans can do about it with a new journey to find robot-proof jobs .

Technology is transforming the American economy. The investment research firm Forrester predicts automation will create nearly 15 million new jobs by 2025, but at the same time, wipe out nearly 25 million. Do the math and that means 10 million jobs will disappear, on par with what happened during the Great Recession. All […]

Full Post at ualrpublicradio.org

A rural scene in Sakti Valley in India. Photo by: Axel Drainville / CC BY-NC The World Bank Spring Meetings , framed by transformations in development finance, kicked off with a quiet side event detailing how India could virtually eliminate poverty from its shores in one fell economic policy swoop.

The country, which contains roughly one of every three poor people in the world, is exploring the possibility of implementing a universal basic income, which would see Indian states, or the federal government, deliver regular digital payments to Indian citizens.

Some estimates suggest a country-wide universal basic income could reduce India’s […]

Full Post at www.devex.com

The Finnish government began an experiment at the beginning of this year to select at random 2,000 unemployed persons (white- and blue-collar, construction workers, etc.) and give them the equivalent of about $587 U. S. dollars automatically every month for two years. No strings attached. The government will then study what happens to these people after two years. The lucky jobless recipients are free to spend the money, called “basic income” anyway they choose, and if they get a job or start a business and make a profit, they still keep the free money. They don’t have to report […]

Full Post at www.winonapost.com