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The Universal Basic Income UBI debate has been revived because technological progress is changing the relationship between the individual and the economy. The nature of jobs and wealth in today’s world has called many to question the current economic order and seek alternatives.

These developments in particular are driving the basic income debate: The economy in a number of nations; including the United States, is no longer capable of providing full employment. That is a job for everybody that wants one, or has the capability to work. The cause of this is automation and digitalization which eliminate the need for […]

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Eero Suominen [PARK SANG-MOON] Finland is home to the Northern Lights, Santa Claus, cloudberries and berry-foragers, reindeers and wolves and shockingly strong coffee.

But the northern European country has recently gained attention in Korea for its new social welfare policy of universal basic income.

“It is a trial – we have selected 2,000 people in Finland who are unemployed or partly employed and are aged between 25 and 58,” said Finnish Ambassador to Korea Eero Suominen. “They are randomly selected and will be given 560 euros ($595) a month. And they will not lose it, even if they get employed.”The Finnish […]

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MARICÁ, Brazil: Does being handed money every month—no strings attached—sound attractive? The residents of a small town in Brazil are finding out.

Governments and think-tanks around the world are increasingly fascinated by the idea of a universal basic income, where citizens are given cash to spend as they want.

In Marica, a seaside town of about 150,000 people near Rio de Janeiro, the left-wing municipal government has spent the last year finding out how it works.“We are a laboratory for the Brazilian left,” says Washington Quaqua, who introduced the experiment as mayor in December 2015 before stepping down. He was replaced […]

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In January 2017, The Guardian published an interview with Matt Kerr, the Glasgow councillor who has spearheaded an effort to establish a basic income pilot in the city.

Kerr charges that the UK’s social benefit system is no longer adequate, and believes that it is important to consider radical change as a way to give people hope. Look, it might be that at the end of this whole exercise we find that it’s just not workable, but I’d rather give it a go in good faith. At the moment, defending a system that is only slightly better than the […]

Full Post at basicincome.org

In an interview with CNBC in November, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment that automation will likely cause.

Universal basic income is a system in which all citizens receive a standard amount of money each month to cover basic expenses like food, rent, and clothes.

On Monday, Musk doubled down on his initial support for the concept."I think we’ll end up doing universal basic income," Musk told the crowd at the World Government Summit in Dubai, according to Fast Company . "It’s going […]

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Decentralized power enables greater policy experimentation. The monolithic federal bureaucracy of the United States makes these types of experiments less likely than they would otherwise be if the federal government had less power relative to the states. Laboratories of Democracy

Justice Louis Brandeis, U.S. Supreme Court, 1932, New State Ice Co. v. Liebmann To stay experimentation in things social and economic is a grave responsibility. Denial of the right to experiment may be fraught with serious consequences to the nation. It is one of the happy incidents of the federal system that a single courageous State may, if its […]

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Elon Musk at the World Government Summit 2017 in Dubai. Image: Business Insider. On Monday 13, Elon Musk said implementing universal basic income (UBI) would be necessary sooner than later at the World Government Summit .

The Tesla executive believes automation will bring about a significant employment gap. As a result, countries will have to compensate those left without jobs with an economic support system that fulfills all basic needs.

Universal basic income is a solution to an issue foreseen since the industrial revolution, but nowadays more and more workers are seeing themselves displaced by machines capable of doing their […]

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Every year since 2013, the world’s most powerful leaders and forward-thinking innovators have gathered in the city of Dubai in the United Arab Emirates for the World Government Summit, an event dedicated to helping mold the governments of the future. Attendees work together to identify potential problems and then determine ways that today’s technology can be used to alleviate those challenges.

Past events have featured such speakers as U.S. President Barack Obama and World Economic Forum Founder Professor Klaus Schwab, and this year, everyone’s favorite tech visionary Elon Musk leant his expertise to the proceedings.

In a plenary session appropriately titled […]

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