Category: Basic Income

MILWAUKEE, Jan. 26, 2017 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ: KOSS ), the U.S. based high-fidelity headphone company, has reported its second quarter results for the quarter ended December 31, 2016.

"It was a difficult quarter with softening of sales to Scandinavia and Asia as well as certain European markets. The declines were partially offset by strong sales in the export OEM business as well as improved sales in the U.S.," Michael J. Koss, Chairman and CEO, told employees here today. "Earnings were negatively impacted by this change in sales mix."

Sales for the second quarter were $6,687,797, which is a […]

Full Post at globenewswire.com

Politicians need votes to get elected and, once in power, select policies based on political expedience and ideology. Thus policy making, vote getting and ideological considerations are inextricably intertwined. Nonetheless, it is essential to try to assess major policy options on the basis of logic and, if possible, data.

The idea of a ‘basic income scheme’ has surfaced in pronouncements by senior policy makers recently and, surprisingly enough, dissenting voices within the establishment have also been publicly heard.

A scheme of this nature, if adopted, would be a major step in the economic life of modern India. The fundamentals underpinning such […]

Full Post at tickticknews.com

Universal basic income is seen as a way to reduce poverty and inequality The concept of a universal basic income is of "interest" to the Scottish government as one potential option to reducing poverty and inequality.

Social Security Minister Jeane Freeman said she was "watching" the impact of pilots in Finland, Holland and Canada.

She also expressed interest in proposed pilot schemes in Glasgow and Fife.A universal basic income offers all adults a non-conditional flat-rate payment. Models have varied, but in some any income they earn over this is subject to progressive rates of tax.Ms Freeman told BBC Scotland that a […]

Full Post at www.bbc.com

A basic income experiment is coming to San Francisco, California.

Announced at a January 23 forum hosted by the city’s Office of Financial Empowerment (OFE), a subsection of the Office of the Treasurer, the experiment will reportedly be a pilot program focused on families and children, Hoodline first reported .

Basic income is a wealth-distribution system that involves giving every citizen a fixed amount of money each month to cover basic living expenses. Advocate argue that by strengthening the social safety net, fewer people will be able to slip into poverty, ultimately creating healthier and happier societies.Some early evidence in the […]

Full Post at www.businessinsider.com

San Francisco is launching a $5 million program to give some residents a basic income, the city’s Office of Financial Empowerment (OFE) said this week, as it attempts to address income inequality and find a more effective program than welfare.

"[It will] use the power of City Hall to increase economic security and address intergenerational poverty,” OFED Director Sean Kline told a forum held at by the Universal Income Project , saying that S.F.’s program will focus primarily on how to help children.

“A focus on kids skirts a lot of the questions people usually have about basic income,” Klein said, […]

Full Post at www.bizjournals.com

Follow @catchnews Politicians need votes to get elected and, once in power, select policies based on political expedience and ideology. Thus policy making, vote getting and ideological considerations are inextricably intertwined. Nonetheless, it is essential to try to assess major policy options on the basis of logic and, if possible, data.

The idea of a ‘basic income scheme’ has surfaced in pronouncements by senior policy makers recently and, surprisingly enough, dissenting voices within the establishment have also been publicly heard.

A scheme of this nature, if adopted, would be a major step in the economic life of modern India. The fundamentals […]

Full Post at www.catchnews.com

When the government provides a basic income to all citizens of the country without any conditions attached, it is termed as universal basic income. It is a form of social security. There is increasing debate in the developed countries about the introduction of Universal Basic Income.

The combination of four factors, globalization, outsourcing, automaton, and the increasing adaptation and use of artificial intelligence is taking a growing toll on the low-income and middle-class sections of the society in developed countries, which is prompting the debate for the introduction of universal basic income.

In Canada, manufacturing employment has decreased. According to Statistics […]

Full Post at www.huffingtonpost.ca