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Basic income at basic income canada network what do you put for highest level of education

The Northern Policy Institute of Ontario has organized a conference to explore the idea of a basic income guarantee. Salary education level The conference will take place in Sudbury from October 5-6. The BIG Conference defines a “basic income guarantee” (BIG) as “a payment to eligible families or individuals that ensures a minimum level of income” — or what is sometimes referred to as a “guaranteed minimum income” (GMI) or “guaranteed annual income” (GAI). Median annual income by level of education The government of Ontario has been moving forward to test such a policy, with a trial set to […]

Finland Begins Universal Basic Income Experiment for the Unemployed

Finland Begins Universal Basic Income Experiment for the Unemployed

Finland kicked off the New Year by rolling out a groundbreaking trial that will give some of its citizens a universal basic income, in a bid to reduce poverty and increase employment. Little over a year after the Finnish government first announced its plan to eventually replace earnings-based social insurance benefits with a basic income, the first unconditional monthly payments of €560 ($587) began on Jan.1, reports the Associated Press. According to AP, 2,000 people, all currently on unemployment benefits, have been chosen at random to take part in a two-year pilot trial. The basic income will be deducted […]

Letter: Look ahead, not back

Re Canada’s Donald Trump, letter to the editor, Jan. 11

I’m afraid that I have to break Rick Lockman’s optimistic bubble about bringing traditional middle-class jobs back to Canada.

While the factories and places of employment will probably return, the manner in which work is done is being irrevocably changed by robotics and automation. Very soon, all routine work will be done by robots or automated systems. This is why the World Economic Forum predicted in 2016 that by 2020 we will be seeing worldwide disruptions in employment, and these will continue for the foreseeable future. Foxconn plans to replace significant […]

It’s Either Basic Income or Chaos

It’s Either Basic Income or Chaos

Basic income has been a pretty hot button topic recently. Forbes says it could help our society’s productivity . The Guardian says it’s an absolute necessity . The New Economy calls it a socialist fairytale.

I say it’s either basic income or total and utter, scorched earth, death match for drinking water, cannibalistic chaos.

To put it in simplest terms, basic income is a set amount of money every citizen would receive in order to ensure a basic standard of living. It would be given to all citizens, from those with nothing all the way up to billionaires ( hoarders […]

America’s growth challenge, in 2 charts

The following two charts, from that great McKinsey Global Institute study I mentioned earlier, do a good job of illustrating the productivity challenge facing advanced economies, including the United States. If you want to grow as fast in the future as in the past, productivity growth is key to offset a demographic headwind: McKinsey further breaks down the growth challenge, and highlights how automation can help: GDP growth was exceptionally brisk over the past half century, driven by the twin engines of employment growth and rising productivity. However, declining birthrates and the trend toward aging in many advanced and […]

Rise of robots spurs call for ‘kill switches’

Rise of robots spurs call for 'kill switches'

A 4m-tall robot being tested in a Hankook Mirae Technology lab in South Korea last month. Socialist MEP Mady Delvaux warns that Europe is standing by passively as robots take an increasingly powerful role.PHOTO: AGENCE FRANCE-PRESSE European MPs pass resolution calling for laws to deal with artificial intelligence

BRUSSELS • The unstoppable rise of robots in our everyday lives requires urgent EU rules such as "kill switches", European Parliament members have warned as they passed a resolution urging Brussels into action on automaton ethics.

Ms Mady Delvaux, a Socialist Member of the European Parliament (MEP) from Luxembourg, led the campaign […]

UC Berkeley Study Predicts Positive Economic Benefit From California’s Minimum Wage Increases

UC Berkeley Study Predicts Positive Economic Benefit From California’s Minimum Wage Increases

Supporters of a $15-per-hour minimum wage rally outside the state Capitol in Sacramento on March 31, 2016. ( Katie Orr/KQED ) Are minimum wage increases good for the economy on the whole or bad?

Getting an accurate, nuanced answer to that question is no easy task. There are all sorts of factors. Higher wages could incentivize businesses to automate jobs and lay off workers. They could also prompt companies to raise prices, which could turn off customers.

On the other side of the equation, higher wages mean more money in the pockets of low-income workers, who could then spend more. A […]

A contentious proposal

A contentious proposal

Surjit Bhalla, in his article, ‘Financing basic income for the bottom 50 per cent’ (IE, January 7) has made several policy recommendations for poverty alleviation. He has suggested Universal Basic Income (UBI) as a logical extension of the Direct Benefit Transfer (DBT) and scrapping of government schemes like the PDS and MGNREGA for financing the UBI. The interest in UBI seems to be building up significantly from several quarters and it is quite possible that the government is contemplating some steps in this direction in the upcoming budget. In view of this, Bhalla’s recommendations are extremely significant and require […]

Universal Basic Income: What If the Problem Isn’t Automation but Work Itself?

Universal Basic Income: What If the Problem Isn’t Automation but Work Itself?

Rethinking Paid Work

We’ve all been warned about the upcoming machine takeover in the world of work. Studies have shown that 47 percent of jobs in the United States are expected to be replaced by smart machines and other forms of automated systems in the next decade or so. In Southeast Asia, about 137 million workers are bound to lose their jobs to automation in the next 20 years.

This all seems inevitable. In fact, it’s already happening for some companies including Walmart , Barclays , and a life insurance firm in Japan — not to mention Amazon Go , […]

Meeting the rise of the robots: Mass unemployment or mass redeployment?

The robots are rising, but probably not as fast as you think. That is one of the take-aways from a lengthy new McKinsey Global Institute report, “Harnessing automation for a future that works.”

This is the headline finding: “While less than 5% of all occupations can be automated entirely using demonstrated technologies, about 60% of all occupations have at least 30% of constituent activities that could be automated. More occupations will change than will be automated away.”

Or as Michael Chui, one of the report’s authors, told the Wall Street Journal : “Given that we will need the machines working […]