Category: Basic Income

Tech leaders say automation will affect a huge number of industries, many of them ones we would not expect. The normal tools typically used to address economic change, like welfare and retraining, are not enough to address what automation will do to the economy. But advancements in artificial intelligence are intensifying this debate. In Silicon Valley, there are lots of experiments in automation. There’s the robot at Lowe’s home improvement store in Sunnyvale, Calif., that checks inventory. There’s the "robot butler" working at a hotel in Cupertino. And then there’s Uber, which is experimenting with driverless taxis and trucks.
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Full Post at thetylt.com

The Northern Policy Institute of Ontario has organized a conference to explore the idea of a basic income guarantee. Salary education level The conference will take place in Sudbury from October 5-6. The BIG Conference defines a “basic income guarantee” (BIG) as “a payment to eligible families or individuals that ensures a minimum level of income” — or what is sometimes referred to as a “guaranteed minimum income” (GMI) or “guaranteed annual income” (GAI). Median annual income by level of education The government of Ontario has been moving forward to test such a policy, with a trial set to […]

Full Post at educationonline.04p.in

Basic income has been a pretty hot button topic recently. Forbes says it could help our society’s productivity . The Guardian says it’s an absolute necessity . The New Economy calls it a socialist fairytale.

I say it’s either basic income or total and utter, scorched earth, death match for drinking water, cannibalistic chaos.

To put it in simplest terms, basic income is a set amount of money every citizen would receive in order to ensure a basic standard of living. It would be given to all citizens, from those with nothing all the way up to billionaires ( hoarders […]

Full Post at bullshit.ist

Surjit Bhalla, in his article, ‘Financing basic income for the bottom 50 per cent’ (IE, January 7) has made several policy recommendations for poverty alleviation. He has suggested Universal Basic Income (UBI) as a logical extension of the Direct Benefit Transfer (DBT) and scrapping of government schemes like the PDS and MGNREGA for financing the UBI. The interest in UBI seems to be building up significantly from several quarters and it is quite possible that the government is contemplating some steps in this direction in the upcoming budget. In view of this, Bhalla’s recommendations are extremely significant and require […]

Full Post at indianexpress.com

Rethinking Paid Work

We’ve all been warned about the upcoming machine takeover in the world of work. Studies have shown that 47 percent of jobs in the United States are expected to be replaced by smart machines and other forms of automated systems in the next decade or so. In Southeast Asia, about 137 million workers are bound to lose their jobs to automation in the next 20 years.

This all seems inevitable. In fact, it’s already happening for some companies including Walmart , Barclays , and a life insurance firm in Japan — not to mention Amazon Go , […]

Full Post at mezo.me

Rebel Socialist Benoît Hamon, who resigned as education minister in protest at what he saw as the government’s rightward drift, has made the basic income proposal his key policy and Jean-Luc Bennahmias, the leader of the small Democratic and Ecologist Union, also backs the call.

And the question provided the only real controversy in the first of three televised debates ahead of the primaries to be held on 22 and 29 January.

To read our profiles of the seven candidates click here Former prime minister Manuel Valls dismissed it as contrary to his vision of a “society of work”, Euro-MP […]

Full Post at www.francenewsheadlines.com

From 1971 to 1978, the UK women’s liberation movement held ten national conferences at which it formally adopted a total of seven key demands. The fifth of these demands, added in 1974, was for financial and legal independence for women, accepted with widespread support across all wings of the movement. It is indeed difficult to imagine a form of feminism which does not, in a money-based society, insist that women have their own means of financial support as a way of avoiding being trapped by economic dependence in coercive, perhaps abusive, relationships.

It is therefore perhaps ironic that the question […]

Full Post at www.compassonline.org.uk

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The persistence of high inequality and the prospect of job losses owing to automation in the advanced world has led several advanced economies to consider the idea of a universal basic income (UBI) to guarantee their citizens a minimum level of income support.

The same idea seems to be gaining favour among a growing number of economists and policymakers in India, but for different reasons. Whether the UBI is effective? It is not clear that the money actually reaches the poor. So the question is whether the UBI is a more effective way of reaching the poor that the […]

Full Post at www.iasparliament.com