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Most politicians promise more jobs. France’s Socialist presidential candidate is saying there may not be many in the future, but you’ll get paid anyway.

Benoit Hamon won France’s Socialist Party primary by proposing a basic income for all, an idea that every opponent said is unrealistic and unaffordable but which appealed to Socialist voters who’ve turned their back on party leaders.

The signature issue of the 49-year-old former education minister would mean the introduction of a 750-euros ($810) a month payment to all citizens. He says it will help alleviate poverty and make up for a shortage of work as the […]

Full Post at www.bloomberg.com

Discussing the idea of universal basic income in the Economic Survey is a step in right direction

#budget 2017 #economic survey #UBI #universal basic income #economy #demonetisation Photo: Arun Kumar Before one takes a call on whether or not India should go down the universal basic income (UBI) route, some myths about the UBI need to be addressed. A universal basic income is an unconditional, regular, payment by the government to every individual, regardless of their wealth, age, ability, gender, health or skill level. It is universal in that it is paid to all individuals (note, not households). It […]

Full Post at www.governancenow.com

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Hi everyone!

As many of you know, the Economic Security Project ( http://economicsecurityproject.org/) was recently launched with the goal of "funding projects like academic research, state and local basic income campaigns, and cultural projects around economic security" over the next two years with a fund of at least $10 million dollars.As recognition of the work I’ve been doing and to better enable the work I wish to do over the course of the next year to advance basic income’s adoption in the US, I’m being given a grant of $2,000/month for the next 12 months, starting in February, and also […]

Full Post at www.patreon.com

Doing away with existing social assistance models for a so-called guaranteed basic income program was the focus of a public forum Monday night.

About 200 people from various local social service groups, representatives of poverty advocacy groups and those in poverty themselves gathered in Vanier Hall at the University of Windsor to share ideas about how the province should proceed on the concept of basic income.

Windsor was the 14th of 15 cities across the province that have received visits from the Basic Income Pilot Project consultation.“We’re going to try and get some ideas from people in Windsor as to what […]

Full Post at windsorstar.com

The Economic Survey to be presented in Parliament may feature a chapter on universal basic income this year. Chief Economic Adviser Arvind Subramanian has promised to float the idea to let the government think over it. Universal basic income is a form of social security where the State transfers a sum of money to poor citizens to supplement their income to reach a certain threshold.
In the Indian context, it may mean people below the poverty line. Recently Subramanian had said that his effort would be to add a new chapter in the Economic Survey of 2017. He had […]

Full Post at tickticknews.com

Image credit: Reuters/Soe Zeya Tun Having dug himself into a hole with demonetisation, Prime Minister Narendra Modi now needs to make a huge effort to climb out and hopes are riding high on the Union Budget for 2017-’18, to be presented on Wednesday. But there are severe limitations on what he can do.

The first budget after he assumed office, for 2014-’15, was a great opportunity for good economics. He could have dealt with burgeoning unmerited subsidies, huge tax-giveaways, unproductive industrial investments, building funds to modernise infrastructure, creating 12 million jobs a year and reforming governing structures. But he missed […]

Full Post at scroll.in

Thomson Reuters If the trend of robot automation keeps up, millions of humans could lose their jobs by the middle of this century.

According to Elon Musk, the economic solution to that reality could simply be paying people regardless of whether or not they find work — a system of wealth distribution known as universal basic income.

"There’s a pretty good chance we end up with a universal basic income, or something like that, due to automation," the Tesla CEO said i n an interview with CNBC on November 4 . "I’m not sure what else one would do. That’s what […]

Full Post at 126kr.com