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Basic income India, universal basic income In December 2016, US-based Economic Security Project (ESP), co-chaired by future of work expert Natalie Foster, Facebook co-founder Chris Hughes and Roosevelt Institute Fellow Dorian Warren, pledged $10 million in initial project fund to explore how a ‘basic income’ could rebalance the economy and ensure economic opportunity for all .

Silicon Valley, automation and universal basic income; what to do to stay one step ahead of the robots?

The move is just one in a series of such clamours around the world getting momentum over the concept of a universal basic income (UBI) […]

Full Post at www.ibtimes.co.in

Kiosked A male leopard which was tranquilized by forest officials, is carried in a cage from a residential house after it strayed from the wild, in the northeastern Indian city of Guwahati January 7, 2015. Here are stories from International Business Times, India that have broken through the day:

1. India basic income plans: Can India give every one of its citizens an income without destroying its economy?

In December 2016, US-based Economic Security Project (ESP), co-chaired by future of work expert Natalie Foster, Facebook co-founder Chris Hughes and Roosevelt Institute Fellow Dorian Warren, pledged $10 million in […]

Full Post at www.ibtimes.co.in

Editors’ Choice , Featured , Global , Globalisation , Headlines , Human Rights , IPS UN: Inside the Glasshouse , Labour , Trade & Investment TOPIO ("TOSY Ping Pong Playing Robot") is a bipedal humanoid robot designed to play table tennis against a human being. TOPIO version 3.0 at Tokyo International Robot Exhibition, Nov 2009. Photo: Humanrobo. Creative Commons Attribution-Share Alike 3.0 Unported license. ROME, Jan 5 2017 (IPS) – When British naturalist Charles Darwin published in 1859 his theory of evolution in his work On the Origin of Species, he most likely did not expect that robots, not […]

Full Post at www.ipsnews.net

The Indian government is likely to introduce Universal Basic Income, a practice of paying every person a fixed sum of money as a means to stimulate the economy and improve the quality of life of its citizens, according to the concept’s leading proponent.

The Indian government is preparing a report documenting that a Universal Basic Income (UBI) is “feasible” and “basically the way forward,” according to professor Guy Standing, a leading advocate for UBI, and the leader of the Basic Income Earth Network movement (BIEN).

Universal Basic Income, originally proposed by Thomas More in his 1516 book Utopia, and later endorsed […]

Full Post at newseurope.eu

Robots at the Fiat Chrysler Automobiles US Warren Stamping Plant What if people were paid just for being alive?

It may sound like some radical utopian ideal, but that’s the essential proposal at the heart of a growing movement now drawing mainstream support from a diverse array of economists, policy wonks and Silicon Valley thinkers: Universal basic income.

The idea is appealingly simple: In such a system, a government would guarantee each of its citizens a yearly stipend of enough money to cover a basic standard of living, no strings attached.The concept, in its most elemental form, has been bouncing around […]

Full Post at mashable.com

In 2011 Guy Standing, then an economist at the University of Bath, prefaced his new book with a warning.

He described a growing class of “precariat” workers, alienated by a western political agenda which had, since the 1970s, promoted market-led competition above job security. Real wages across the west had stalled for decades and “flexible” work was becoming the norm, leaving many millions around the world in “without an anchor of stability.”

This precariat, he said, “are prone to listen to ugly voices, and to use their votes and money to give those voices a political platform of increasing influence.” Such […]

Full Post at www.businessinsider.sg

Evidence thus far questions the assumption that robotics are eliminating jobs. INET Senior Vice President for Programs Rick McGahey says the UBI debate should focus on the long-term weakening of labor’s bargaining power

Welfare states in developed economies are being hit from all directions. Some argue they are too expensive; others see them as inadequate to new economic challenges. Their failure to address the needs of working class voters are blamed for the rise of what Mark Blyth calls the “neonationalism ” seen in the Brexit vote, the Trump presidential victory, and the strength of nationalist candidates in France, Italy, […]

Full Post at www.ineteconomics.org

Professor Guy Standing Wikimedia Commons In 2011 Guy Standing, then an economist at the University of Bath, prefaced his new book with a warning.

He described a growing class of "precariat" workers, alienated by a western political agenda which had, since the 1970s, promoted market-led competition above job security. Real wages across the west had stalled for decades and "flexible" work was becoming the norm, leaving many millions around the world in "without an anchor of stability."

This precariat, he said, "are prone to listen to ugly voices, and to use their votes and money to give those voices a political […]

Full Post at www.businessinsider.com