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Can Basic Income Work? Facebook Wants To Find Out

Can Basic Income Work? Facebook Wants To Find Out

Chris Hughes, the Co-Founder of Facebook has just launched a $10 million dollar 2 year long initiative aimed at analyzing universal basic income.

Announced on December 8 th , the Economic Security Project (ESP) will analyze basic income, a system in which every citizen receives a monthly stipend which covers their basic needs. Project

Backed by over 100 activists, academics, and experts from Silicon Valley, this project aims to learn as much as possible about the dominant idea in the fight against poverty.ESP will be co-chaired by Natalie Foster from the Institute for the along with Roosevelt Institute Fellow […]

How will we pay for goods produced by robots that have taken our jobs?

How will we pay for goods produced by robots that have taken our jobs?

Grandkids are so much fun, and you can give them back. We just had our fourth grandchild on Nov. 19, so everything is fresh.

The oldest is 3 years old and loves the dirt. His brother may turn out to be a very shy Broadway actor. Freddie, our granddaughter, might just be the cutest “whatever she wants to be” person, but, at just 1, she has much time to decide.

And now we have another precious grandchild, and of course I wondered what she will experience in her life, as with the other three, as well.Screen flipping, buttons and rebooting are […]

Trump’s Pick of Elon Musk for His Policy Forum is Actually Pretty Smart

Trump's Pick of Elon Musk for His Policy Forum is Actually Pretty Smart

Donald Trump set tongues wagging on Wednesday when it was revealed, prior to a meeting with some of tech’s biggest names at Trump Tower, that Tesla CEO Elon Musk and Uber CEO Travis Kalanick would be join Trump’s Strategic and Policy Forum . The forum, comprised of business leaders who will meet frequently to advise Trump on policy, was reportedly criticized for a lack of Silicon Valley leaders, and some might argue that Wednesday’s announcement is a haphazard attempt at fixing that.

Actually, the timing makes perfect sense, and here’s why. Musk and Kalanick are actively pursuing automation, especially autonomous […]

Blue sky basic income thinking is b****cks

5 hrs

Preston Munchensonton Re: What I love…

What I love… …is a good rant about the problem with X, without providing an alternative. Lucky for you that El Reg exists, then. How about this. Invest more in GOOD education (and I don’t mean starting kids in school before they have learn’t to eat solids). Speaking of vagaries with no definition, exactly what is good education? Your suggestion is as worthless as the lack of alternatives from the rant that you loathed. The problem isn’t investing, as there’s heaps of money being thrown at education the […]

Basic income worth a try

Basic income worth a try

When it can often seem like our politicians can never agree on anything, sometimes they can surprise you. Sometimes they come together and actually find common ground to unanimously support an idea.

Such is the case last week when the PEI Legislature agreed to have the province work with the federal government in hopes of setting up a basic income pilot project on the Island.

The motion was put forth by Green Party Leader Peter Bevan-Baker last Tuesday and was supported by all parties. Obviously, current welfare models are not working. Many Islanders are struggling and no matter how hard they […]

More countries testing Basic Income, economists continue crying, losing hoap

> Economist
6774
So many redditors here this morning

Economist b49d Don’t know what they did but I’m sure the first thing the IMF did when they knocked on their door was to say: "why on earth are you paying people to not work" You know guys, automation is not a problem. Its actually good. It frees up labor to go do other more useful stuff and that generally is better compensated. Automation will only become an issue when machines can build themselves and produce every step for all the materials they need to produce […]

Universal Basic Income

Universal Basic Income In the 70’s they told us we were all going to enjoy a lot more leisure time because all the hard work would get taken care of by machines.

At minimum, I believe that with decreased costs of living, UBI will be one of many tools empowering self-actualization at scale – more people will be able to follow their passions, be more creative, and spend more time on higher-order, personally fulfilling tasks.
And there we are. Same bullsh!t, different day. What do you mean "we", have you got a mouse in your pocket? What do you […]

Interview: Basic income can ‘mend the net’

Interview: Basic income can ‘mend the net’

In his new Kindle book Mending the Net , author Chis Oestereich describes how a basic income can address some of the “wicked problems” facing humanity.

For Oestereich, the basic income can help society rethink its consumption patterns and possibly upend the “treadmill of subsistence.”

In the book, Oestereich predicts that the economy could be headed toward a recession. In the interview he said that basic income can be a “shock absorber” of economic downturns. Without a basic income, Oestereich said he worries that the next recession will be much worse than the last for many people.One of the most unique […]

The answer to America’s working class job crisis is hard, but not mysterious

The answer to America's working class job crisis is hard, but not mysterious

View Caption Melanie Stetson Freeman/The Christian Science Monitor/File

Malden, Mass. — Antonio Blanc, a senior at Malden High School, knows the risk of being left behind.

He’s struggled to keep up at school, distracted by family instability and the part-time kitchen jobs he needs to pay the bills now he’s living alone. His plan after graduation is to enroll in a technical college and get a certificate in precision machinery.“I want to learn a skill, something I can do when I’m done with school,” he says.For students like Mr. Blanc, that step of education beyond high school holds the […]

Debating Basic Income

While I’m not one of the reactionary Luddites who claims AI is suddenly not capable of doing anything or is only as capable as looms and tractors ever were, and I’m not going to bother using the same an!capistan arguments against basic income that clearly aren’t swaying anyone (I don’t know why anarchocapitalists and libertarians even bother), I will say that we’re giving basic income too much credit.

Keyword: credit. That’s what I’m leading into. Whenever I keep promoting Vyrdism, I also mention why I don’t trust basic income— the State, which is the agency who will distribute said income, […]