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Yes, really. Camilo Cardenas

The problem with the fourth industrial revolution and basic income. Work give purpose and direction to human lives, the advent of basic income, and the fourth industrial revolution, will hurt the not only work but capitalism as we know it; one hypotesis is that ,it will morph into a socialism-semicapitalist econonomy with middle age caratheristic interations among those who produce services and raw materials, and those pay for it with work and invisible means. the result usually will lead to uprising in unions and chaos in the big cities. because greed and selfisheness will inevitably, destroy […]

Full Post at community.thenet24h.com

EBay’s Founder Invested $500,000 into an Experiment Giving Free Money The founder of EBay, Pierre Omidyar invested $493,000 to the charity GiveDirectly in Kenya. It is an experiment that tests an upcoming solution for the poverty known as primary income. People who are getting basic income receive a set of the amount on a regular basis to cover their expenses like food, clothing and rent.

Pierre Omidyar started the Omidyar Network which is the philanthropic investment arm. The GiveDirectly charity is running a small service in just Kenyan villages at present. However, once the experiment launches in a few months, […]

Full Post at techfactslive.com

One of the more fundamental challenges while formulating an economic policy is (apart from what the actual policy should be) to time the policy right. In other words, it means that before the policy is proposed, the underlying situation of the economy is determined, its social and political effects calculated, its necessity and priority estimated.

The timing, therefore, is astonishingly critical and its effects are severely underestimated, which is why, the idea of introducing or even discussing Universal Basic Income (UBI) in India at this stage is extremely flawed and only caters to stimulate the intellectual fantasies of certain individuals […]

Full Post at www.dailyo.in

EBay founder and chairman Pierre Omidyar in Delaware, December 7, 2009. Omidyar Network, the philanthropic investment arm started by eBay founder Pierre Omidyar, has invested $493,000 into an experiment giving people in Kenya free money.

The experiment, put on by the charity GiveDirectly, tests an up-and-coming solution to poverty known as basic income. People under basic income receive a set amount of money on a regular basis to cover expenses like rent, food, and clothing.

GiveDirectly is running a small pilot in just a few Kenyan villages at present, but once the full experiment launches in a few months it […]

Full Post at pulse.com.gh

The idea of universal basic income was largely ignored by Americans for forty years before it started to get traction again as a byproduct of conversations about automation and the end of the traditional manufacturing sector. Bernie Sanders popularized the pseudo-policy proposal in 2016, rallying supporters around the idea of an American social democracy. He didn’t win the primary. Which is not to say that the notion of paying citizens for being citizens is a wholly radical idea. Liberals have traditionally championed Social Security and Medicare, entitlement programs that offer state benefits to citizens in return for nothing. (Well, […]

Full Post at thehillnews.net

Automation of thousands of jobs will eventually cause an epidemic of unemployment. We must brace for this future now and take the steps necessary to prevent it.

Universal basic income is the most obvious solution to this problem. The idea of guaranteeing a certain income for every member of a society isn’t a new one. Bertrand Russell floated the idea in 1918 , and numerous other intellectuals have endorsed it since. Nobel Prize-winning economist Paul Krugman sees it as the only possible solution to America’s growing inequality.

Of course, UBI has a massive hill to climb — the American primal hostility […]

Full Post at dailytexanonline.com