Category: Basic Income

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The recent study published by the Center for Cultural Innovation (CCI) on trends and conditions facing artists today makes the case that the most important issues facing artists today aren’t artist specific—they are systemic and structural issues in our economy and society overall . As Laura Zabel from Springboard for the Arts points out , “In survey after survey, artists say what they need is income, health care, reliable housing. You know who else needs those things? Everybody . What if we could actually change how our larger economy works so that the need for artist-specific solutions became unnecessary?”

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Try Delicious Raisin Bran Cereal for a Healthy Heart Today! AdChoices Ad closed by Report this ad AdChoices Not interested in this ad Ad was inappropriate Seen this ad multiple times Ad covered content We’ll try not to show that ad againAd closed by Facebook Embed Video Anonymous Proxy detected, click here. Michael Smith 08/12/2016Soon most jobs will be able to be done by machines. Universal basic income is the only solution for the future we are on the brink of, or the poverty line will likely encompass the mass […]

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Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation?

The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology poses to the workforce. UBI is being tested in Finland and other international markets, but has received decidedly mixed reactions.

Meanwhile, developments in robotics and artificial intelligence have grave implications for the labor force. A report issued this week from consulting firm PwC found that more […]

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This is Why Experts Think All People Should Have a Universal Basic Income IN BRIEF Universal Basic Income not only can prepare society for increasing automation but also spur innovation and growth. Establishing a equal base level of security will ensure that when automation takes over, people out of a job will not be left behind. Consider for a moment that from this day forward, on the first day of every month, around $1,000 is deposited into your bank account — because you are a citizen. This income is independent of every other source of income and guarantees you […]

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Minimouse, Zoony is right that the amount was high in Switzerland but although Switzerland’s referendum suggested a high UBI (sometimes called Basic Citizen’s Income) basic monthly income of 2,500 Swiss francs (£1,750) for adults and 625 Swiss francs for children as a “working example” there was little argument about it being doable with an overall cost only a little above the cost of their benefits system and this could well be offset by a lower cost in health, etc. It seems to be more that the idea feels counter-intuitive to many people. If you look at the literature on […]

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Bill Morneau Says Liberals Are Responsible, Despite No Plan To Return To Balance OTTAWA – Finance Minister Bill Morneau batted away criticism Wednesday that his second budget has no plan to return to balance, and questions about why the Liberals ditched their promise to reduce the debt-to-GDP ratio. The document, titled “Building a Strong Middle Class,” includes $4.8 billion in new spending, but only $1.3 billion this year. The big ticket spending —a $7-billion child care plan and a $5-billion National Housing Fund, for example — is all spread out over a 10-year period that comes into […]

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“Money for nothing” is not just a 1985 song by Dire Straits but also, it seems, a new wave of policies supporting the government providing an income for citizens, regardless of their economic activity.

Benoît Hamon, the surprise winner of the first round of the socialist primaries in France, is the latest high-profile supporter of the idea. But across the world, experiments in universal basic income are already exploring the option of paying individuals a flat rate of income, unaffected by their participation in the labour market. It sounds counter-intuitive.

The first expectation may be that recipients would just stay at […]

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