Category: Basic Income

Davos 2017 – A Basic Income for All: Dream or Delusion?

Davos 2017 - A Basic Income for All: Dream or Delusion?

Davos 2017 – Feel Better or Your Money Back Where are people kindest to strangers? Not where you might think

weforum.org

Fundamental shifts in the world of work are eroding traditional social safety nets. Could a universal basic income be the solution?We were unable to load Disqus. If you are a moderator please see our troubleshooting guide . 0 comments Comments newsvideo.su Community Login Disqus Facebook Twitter Google 1 Recommend Recommended Discussion Recommended! Recommending means this is a discussion worth sharing. It gets shared to your followers’ Disqus feeds, and gives […]

Finland’s jobless welcome universal basic income trial

Finland’s jobless welcome universal basic income trial

HELSINKI: For just one hour of work, Juha Jarvinen had to fill out piles of paperwork only to see his unemployment insurance docked. But with Finland’s universal basic income test, he’s hoping for a fresh start. As of Jan. 1, a two-year experiment will see 2,000 unemployed Finns receive a monthly unconditional payment of 560 euros ($590).

If the test is successful, the plan will be rolled out nationwide, though the exact amount and conditions remain vague at this stage.

The basic income pilots have been tried in a number of countries worldwide, especially in the last decade, such as Canada, […]

My Turn/Abrahams: Wealthy exercise most political power

My Turn/Abrahams: Wealthy exercise most political power

ABRAHAMS

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Print Like many others, I was horrified by the election of Donald Trump. What’s particularly striking about his election is how few people, even his supporters, have anything good to say about him. The strongest arguments made on his behalf are that he will shake things up, or protect the country from the immigrants, or seize control from the billionaires who are running things (a particularly ironic claim considering the people whom he’s named to his Cabinet). But the election results have obscured some long-term trends in the world that ultimately will prove more important.Thanks […]

Finland To Trial A Universal Basic Income For The Unemployed (VIDEO)

Finland To Trial A Universal Basic Income For The Unemployed (VIDEO)

The world is changing. Human cashiers at grocery stores are being replaced by machines that let customers check their items out themselves. Long haul truckers and taxi cab drivers will soon be replaced by autonomous vehicles. Technology is putting people out of work, as are the forces of globalization. When there’s no need for unskilled workers, how is everyone going to make a living?

Finland is trying out one possible solution to this problem: universal basic income (UBI). Starting this month and continuing for the next two years, 2,000 unemployed Finns will receive 560 euros ($597 USD) a month, and […]

Interest grows in ‘universal income’ for all

The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is gaining ground as robots replace human workers.

PARIS — I am, therefore I’m paid.

The radical notion that governments should hand out free money to everyone — rich and poor, those who work and those who don’t — is slowly but surely gaining ground in Europe. Yes, you read that right: a guaranteed monthly living allowance, no strings attached.In France, two of the seven candidates vying to represent the ruling Socialist Party in this […]

The Dangers Of A “Universal Basic Income”

The Dangers Of A “Universal Basic Income”

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Finland has announced that it is conducting a social policy “experiment” which deserves closer examination. Through 2017 and 2018, Finland will provide a guaranteed basic income of 560 euros to 2,000 randomly selected welfare recipients. This benefit will be subtracted from other, currently existing welfare benefits that participants may be receiving, and, crucially, the payments will continue regardless of any other income that is earned. If a participant of this program finds a job, the government will continue to pay them the 560 euros in addition to any other income.

The Finnish government hopes — and many believe […]

One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid in cash to citizens instead

One of the fiercest champions of Universal Basic Income calculated how much we'd all get if QE was paid in cash to citizens instead

Wikimedia Commons DAVOS — Professor Guy Standing today told the World Economic Forum that each person in Britain could have received a state income of £50 per month if the Bank of England’s four-year £375 billion quantitative easing plan had been paid out as a universal basic income (UBI) instead.

Standing, a professor at the University of London, is a leading advocate of a UBI, a scheme by which every resident of a country would receive a regular state payment regardless of working status.

Americans may have been even better off. Standing estimates that if the US Federal Reserve’s $475 billion […]

Funding social security after automation

Funding social security after automation

Finding the money to pay for our social security is becoming more difficult, because paid work is being replaced by robots — the financial foundation of the social security system is crumbling. This is true whether we talk about financing basic income or any other social security system. Increasingly, automation is replacing “productive” jobs. There is still room to create jobs in basic services. However, such jobs do not create enough “added value” to “contribute” to the financing of our social security system. We are happy that these new jobs provide an income to those families. But it is […]

New EU report recommends Universal Basic Income for all 27 member states

New EU report recommends Universal Basic Income for all 27 member states

In a new report , commissioned in 2016 and released earlier this week by the European Union, MEPs have warned that all 27 member states must seriously consider piloting and introducing Universal Basic Income (UBI) schemes that help their societies prepare for a future packed with artificial intelligence (AI), automation and robots. A future that pessimists regard as a jobless one and that optimists regard as a “hybrid” future – where humans and machines increasingly work alongside or compete with each other to fulfil both Blue Collar and White Collar jobs.

The report, which passed by 17 votes to 2, […]

Finland pilots radical basic income idea despite feasibility doubts

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Finland to pay unemployed a SALARY – even AFTER they get a job A person visits an unemployment office in Finland A lucky 2,000 unemployed residents will receive £475 (€560) a month, with no requirement on how the money is spent, as part of a two-year trial. The unemployment experiment could be expanded later to low-income groups such as freelancers, small entrepreneurs and part-time workers. KELA, The Social Insurance Institution of Finland, said the scheme was an attempt to discourage people’s fears “of losing out something” and the payments will continue even after receiving a job. Prof […]