Category: Basic Income

The UBI Bait and Switch

The UBI Bait and Switch

Finnish prime minister Juha Sipilä on December 7, 2016. FinnishGovernment / Flickr The new issue of Jacobin is out now. To mark its release, we’re offering discounted introductory subscriptions . arlier this month, Finland launched its much-anticipated universal basic income (UBI) experiment. Media accounts of the new program have been roundly glowing, a fact not lost on Finnish leaders looking to build up the country’s image as Socially Innovative Finland .

Much of this positive international attention is justified. Finland is on the bleeding edge of an increasingly popular idea about how the welfare state should evolve. But Finland’s experiment […]

Good writeup about the weaknesses of UBI (Universal Basic Income)

https://mises.org/blog/dangers-universal-basic-income

UBI is something being talked about in some countries. It is a guaranteed income for every citizen.

Some quotes:"The universal basic income shares another problem with traditional welfare systems. Far from promoting the unemployed from searching for work the market rewards, it actually subsidizes non-productive activities. The struggling entrepreneurs and artists mentioned earlier are struggling for a reason. For whatever reason, the market has deemed the goods they are providing to be insufficiently valuable. Their work simply isn’t productive according to those who would potentially consume the goods or services in question. In a functioning marketplace, producers of goods […]

UNRISD United Nations Research Institute for Soc : Basic Income Gaining Momentum

The idea of unconditional basic income seems to be making headway in both government and business circles. In January 2017 Finland launched a 2-year basic income experiment, as announced by the Finnish Ambassador to the UN in Geneva at the 2016 UNRISD seminar on universal basic income, held on the occasion of a Swiss referendum on the topic. Another speaker at the seminar, Guy Standing , is a panellist at Davos, the World Economic Forum’s 2017 Annual Meeting, in a session titled ‘A Basic Income for All: Dream or Delusion?’

Public interest

The Finnish Social Insurance Institution, Kela, announced on 2 […]

Why a tech billionaire favors a universal basic income for every American

Why a tech billionaire favors a universal basic income for every American

Salesforce.com CEO Marc Benioff is a billionaire with mansions in San Francisco and fancy digs in Hawaii . But he’s worried.

“People are losing faith in the future, believing that their children will be worse off than they are,” Benioff writes today at Fortune.com . “They are asking whether new technology is the road to a better future for all or only the few who are orchestrating the reshaping of our world.”

Benioff believes the future need not be bleak for all but the highly skilled, and he goes on to offer ways business leaders can shape the transition to artificial […]

Finland rolls out trail for ‘basic income for all’ Unemployed etc

Finland rolls out trail for 'basic income for all' Unemployed etc

Not a fan of this idea, but I can also see the mythology behind it, to get people back into work, but to me they would be better trying to fix their job security as the report notes Finland has become a ‘short term contract’ society. "I was so surprised when I got the letter, and a bit sceptical too," says Liisa Ronkainen, one of 2,000 Finns chosen for a government experiment to provide unemployed people with a basic income.
Out of work for half a year, Liisa, 26 and from Helsinki, has been looking for a job without […]

France considers idea of giving everyone £660 a month for doing nothing

France considers idea of giving everyone £660 a month for doing nothing

Benoit Hamon backs the idea of Universal Basic Income (Picture AFP Getty) It was once a radical idea, but it’s entering the political mainstream – as French politicians suggest handing a monthly wage of up to £660 to everyone, rich and poor.

Financed by higher taxes, the move would ensure people could survive, even as robots take millions of jobs in the coming decades.

Two of the seven candidates vying to represent the ruling Socialist Party in this year’s presidential election are promising modest but regular stipends to all French adults.Known as ‘universal basic income’, the idea has become popular as […]

Week 12 [16.01-22.01] Finland experiments with universal basic income scheme

Week 12 [16.01-22.01] Finland experiments with universal basic income scheme

Fot.1 http://cdn.images.express.co.uk/img/dynamic/78/590x/Finland-money-624756.jpg Finland’s experimental scheme to provide its citizens with a basic income, regardless of employment, launched earlier this week.

The two-year pilot scheme will provide 2,000 unemployed Finnish citizens, aged between 25 and 58, with a monthly basic income of 560 euros ($581.48) that will replace their other social benefits.

These citizens will continue to receive the basic income even if they find work.Kela, the organization which runs Finland’s social security systems and is running the pilot scheme, hopes the basic income experiment will boost employment, because the current system can potentially discourage the unemployed to find work as their […]

Universal Basic Income

Universal Basic Income

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a reply to: FlyInTheOintment The thing about the India trials were that the money given was pretty low, not enough to live off. I think for now thats the way forwards. Just enough money to suppliment your income but not enough to be fully comfortable with. If its positive then it can be slowly increased. The Swiss proposal of more than 2500 USD was crazy.158,823Sponsored by Revcontent You May Also Like link Not necessarily …… In a post further up I said how much I hated house workbut in having to do it (I can’t afford a […]

“Changing employment trends and universal basic income” (The Saturday Paper)”

Mike Seccombe, National Correspondent for The Saturday Paper , reported on the recent championing of a universal basic income (UBI) by those interested in the cause and concerned about “wage inequality at record highs and technology plundering jobs.” In particular, the article focuses on the support for UBI shown by Elon Musk.

Musk is heavily invested and involved in the technology world: he founded Tesla, an electric car company, and SpaceX, a private rocket engine and spacecraft builder. He has a net worth reported at $11.5 billion.

There is “a pretty good chance we end up with a universal basic income, […]

France plans to give every adult £650 a month for free over fears ROBOTS will take over three million jobs

France plans to give every adult £650 a month for free over fears ROBOTS will take over three million jobs

FRENCH politicians want to introduce new £650 monthly handouts to EVERY adult in their country over fears robots will take over three million jobs.

Two of the seven candidates pushing to represent the ruling Socialist Party in this year’s presidential election are promising the mega handouts if they get into power . A hi-tech robot showing off its impressive building skills Another cyborg working on some intricate computer circuitry The bizarre move is already being trialled in Finland and if implemented in France it would cost up to£600billion a year.

However, critics of the proposal believe it would promote laziness […]