Category: Basic Income

Pierre Omidyar, the billionaire co-founder of eBay , plans to donate approximately $500,000 to fund a project in Kenya that will give thousands of people a guaranteed regular income.

The program, called, GiveDirectly is being hailed as the most ambitious experiment yet in the concept of universal basic income, or UBI. It will make cash transfers to more than 26,000 people in 200 villages in Kenya, with about 6,000 of those people receiving a long-term basic income for 12 years. The payments of $0.75 per day amount to 50% of typical adult income in rural Kenya.

The concept of a universal […]

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Business Insider UKElon Musk doubles down on universal basic income: ‘It’s going to be necessary’Business Insider UKIn an interview with CNBC in November 2016, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment automation will likely cause. Universal basic income …and more »

– Elon Musk Says Governments Will Have to Introduce a ‘Universal Basic Income’ for the Unemployed – Newsweek

NewsweekElon Musk Says Governments Will Have to Introduce a ‘Universal Basic Income’ for the UnemployedNewsweek"What to do about mass unemployment is going to be […]

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India, the nation of over 1.25 billion people, till recently was the fastest growing economy of the world. However, the fact that it is home to the world’s largest poor population is also a reality. As per official government statistics, 22 percent of the population in India lives below poverty line, but as per World Bank estimates the ratio hovers around 30 percent. In a survey conducted during 2011-12, it was observed that nearly half of the Indians survived on less than Rs 38 a day. A very grim scenario indeed.

Ironically, despite being a trouble-torn region, JK’s poverty rate […]

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A universal basic income will become necessary because of all the jobs that will be lost to automation in the coming years, says the founder and CEO of Tesla Motors.

“There will be fewer and fewer jobs that a robot cannot do better,” billionaire entrepreneur Elon Musk told a crowd on Monday at the World Government Summit in Dubai. “These are not things I wish will happen; these are things I think probably will happen.” Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit in Manhattan, New York October 2, 2015. (Photo: Reuters/Rashid […]

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In the future, factories will need just one worker and a dog. The dog would guard the machines and the worker will feed the dog. This is no joke. It may be a little exaggerated, but nevertheless it is the sad eventuality of the fourth industrial revolution.

This got billionaire venture capitalist and president of Y Combinator, Sam Altman, to thinking. And so the start-up accelerator launched a campaign for a private enterprise — an offering of universal basic income.

From August, the company began a pilot program in Oakland, California, not far from its headquarters in Silicon Valley, by giving […]

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Asa Mathat | D: All Things Digital In an interview with CNBC in November 2016, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment automation will likely cause.

Universal basic income (UBI) is a system in which all citizens receive a standard amount of money each month to cover basic expenses like food, rent, and clothes.

On February 13, Musk doubled down on his initial support for the concept."I think we’ll end up doing universal basic income," Musk said to a packed crowd at the World […]

Full Post at www.businessinsider.com

Elon Musk has come under fire recently for his decision to remain on Donald Trump’s economic advisory council and his views concerning unionization . On Wednesday, however, he was focused on the future. Speaking at the World Government Summit in Dubai, Musk addressed a wide array of issues that civilization will face in the next hundred years, including how to handle artificial intelligence and the mass unemployment that will result from automation.

"One of the most troubling questions is artificial intelligence," Musk said when asked about the challenges civilization is set to face in the near future. "Deep artificial intelligence, […]

Full Post at www.newsweek.com

Media Release

Mangaluru, Feb 13: Commemorating the 15th anniversary of laying the foundation stone of St Joseph Engineering College, Vamanjoor, Mangaluru, on February 11, the sixth Foundation Day Lecture was delivered by Prof KJ Rao, emeritus professor, Ramanna Fellow (Senior), Solid state and Structural Chemistry Unit at the Indian Institute of Science, Bengaluru, at Spoorthi Hall. Speaking on the occasion, Fr Joseph Lobo, director of SJEC spoke of the fascinating journey and milestones accomplished by SJEC in becoming an instrument of transformation for its students. He remembered the contribution of everybody involved with SJEC and mentioned that at […]

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Voters in Switzerland this week an plan to offer all citizens an unconditional monthly payment, in what was to be the first major country to adopt a guaranteed basic income.

But that’s unlikely to stop the debate or, worse, the experimentation here in the U.S.

We will write a custom essay sample on Guaranteed Basic Income Is Not Worth the Risks of Experimentation or any similar topic specifically for you Hire Writer That’s too bad.Guaranteed basic income is a straightforward concept: All citizens of a nation are guaranteed an unconditional payment to improve their lives. They can use it […]

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