Category: Basic Income

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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 […]

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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 […]

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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 […]

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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 […]

Full Post at www.businessinsider.com.au

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 […]

Full Post at basicincome.org

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, […]

Full Post at www.globalfuturist.org

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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 […]

Full Post at m.wbnews.info

Professor Guy Standing 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 […]

Full Post at www.businessinsider.com

Professor Guy Standing 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 […]

Full Post at www.businessinsider.com