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The idea universal basic income is

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One of the biggest VC’s in Silicon Valley explains how basic income could fail in America

One of the biggest VC’s in Silicon Valley explains how basic income could fail in America

Sam Altman is putting a lot of faith in the idea that giving people free money will make them happier and healthier, but that doesn’t mean he’s betting it all.

Altman is the president of Y Combinator , Silicon Valley’s largest startup accelerator. Beginning in 2017, he and a group of YC researchers are launching an experiment in Oakland, California, where roughly 100 families will get $2,000 a month.

The goal is to capture data that reveals if free money on a regular basis (known as a basic income) really does help people escape poverty and live healthier lives.Enormous piles of […]

Two-year basic income guarantee trial in US

Two-year basic income guarantee trial in US

The Economic Security Project (ESP), a US$10 million trial of a basic income guarantee over a two year period, will seek evidence that a universal basic income can help solve problems ranging from poverty to middle class stagnation. The rise in trials, pilots, and studies of a basic income guarantee seems to be mirroring the emergence of the election of alt-right authoritarian leaders across the West.

Driven by a coalition of technologists, investors, academics, politicians, and social activists, ESP founding signatories agreed to a simple belief statement: “We believe people need financial security, and cash might be the most effective […]

GERMANY: How MP’s proposed “family pact” differs from UBI

GERMANY: How MP’s proposed “family pact” differs from UBI

Sylvia Pantel, CC BY-SA 4.0 Foto-AG Gymnasium Melle Sylvia Pantel , Member of the German Parliament from the Christian Democratic Union (the party of Angela Merkel), has introduced a proposal for a fixed monthly payment for parents with children younger than school age. The amount (not yet fixed) would be tied to child care costs, and all parents would receive the same benefit regardless of means.

Pantel’s “family pact” has some similarities with basic income: it is paid in cash, at a fixed rate, without means-testing or other conditions. Moreover, it is universal for parents .

However, Pantel herself does not […]

The World Watches As Finland Begins Basic Income Experiment

The World Watches As Finland Begins Basic Income Experiment

No one would confuse this frigid corner of northern Finland with Silicon Valley. Notched in low pine forests just 100 miles below the Arctic Circle, Oulu seems more likely to achieve dominance at herding reindeer than at nurturing technology start-ups.

But this city has roots as a hub for wireless communications, and keen aspirations in innovation. It also has thousands of skilled engineers in need of work. Many were laid off by Nokia, the Finnish company once synonymous with mobile telephones and more recently at risk of fading into oblivion.

While entrepreneurs are eager to put these people to work, the […]

One of the biggest VC’s in Silicon Valley explains how basic income could fail in America

One of the biggest VC's in Silicon Valley explains how basic income could fail in America

Getty Images Sam Altman is putting a lot of faith in the idea that giving people free money will make them happier and healthier, but that doesn’t mean he’s betting it all.

Altman is the president of Y Combinator , Silicon Valley’s largest startup accelerator. Beginning in 2017, he and a group of YC researchers are launching an experiment in Oakland, California, where roughly 100 families will get $2,000 a month.

The goal is to capture data that reveals if free money on a regular basis (known as a basic income) really does help people escape poverty and live healthier lives.Enormous […]

Could Automation Actually Create More Jobs Than It Destroys?

Could Automation Actually Create More Jobs Than It Destroys?

The short answer is yes, by creating more demand through growth in those fields where automation enhances human capabilities, not just replaces them. But with the added proviso, ‘eventually.’
The question is whether society is willing to invest in programs that ease the transition and thus improve the short term economics. JL

The Economist reports : Rather than destroying jobs, automation redefines them in ways that boost demand. Employment grew faster in occupations ( graphic design) that made more use of computers: as automation sped up a job, workers do the other parts better. More computer-intensive jobs displaced less […]

U.S. Factories Are Working Again; Factory Workers, Not So Much

U.S. Factories Are Working Again; Factory Workers, Not So Much

Manufacturing output in the U.S. is nearing prerecession levels, but about 1.5 million factory jobs—roughly… Factories were humming back to life even before a pledge to revitalize American manufacturing helped propel Donald Trump to the presidency.

But jobs aren’t returning in kind, a reality that will make it tough for Mr. Trump—or anyone—to significantly boost employment in the industrial heartland, as he has pledged to do. Technology and automation have given manufacturing companies the means to function, and even thrive, with fewer employees than ever before.

Manufacturing output is nearing prerecession levels. But about 1.5 million factory jobs—about 20% of positions […]

Finland will soon hand out cash to 2,000 jobless people – the idea, universal basic income, is gaining traction

Finland will soon hand out cash to 2,000 jobless people – the idea, universal basic income, is gaining traction

Martti Kainulainen | AFP | Getty Images

No one would confuse this frigid corner of northern Finland with Silicon Valley. Notched in low pine forests just 100 miles below the Arctic Circle, Oulu seems more likely to achieve dominance at herding reindeer than at nurturing technology start-ups.

But this city has roots as a hub for wireless communications, and keen aspirations in innovation. It also has thousands of skilled engineers in need of work. Many were laid off by Nokia, the Finnish company once synonymous with mobile telephones and more recently at risk of fading into oblivion.While entrepreneurs are eager to […]

What Pisses Me Off About Universal Basic Income (UBI)

Newz That Might Interest You:

Dutch city plans to pay citizens a ‘basic income’ whether they… December 28, 2015 (UTRECHT) It’s an idea whose adherents over the centuries have ranged from socialists to libertarians to far-right mavericks. It was first proposed by Thomas Paine in his 1797 pamphlet, Agrarian Justice, as a system in…

I Just Shared the Most Powerful Income Tactic With My Sister December 28, 2015 I had a long conversation this past weekend with my sister, Katherine Schuber. The conversation was all about Katherine’s income and how she could grow it. I’ll show you why I’m […]