Tag: basic income

A pioneering basic income pilot program in Seattle has yielded remarkable results, with low-income residents receiving $500 a month and experiencing a significant boost in employment rates. The program, aimed at reducing poverty, has not only doubled employment rates but also helped participants secure housing and improve their financial stability.

The Workforce Development Council of Seattle-King County launched the 10-month guaranteed basic income pilot program in the fall of 2022, enlisting 102 participants. The program, supported by public and private partners such as King County, the Employment Security Department, and Chase Bank, provided direct cash payments to selected participants, with […]

Full Post at seattlemedium.com

GroundUp and Black Sash hosted a debate on the feasibility of the Basic Income Grant (BIG) on Thursday GroundUp and Black Sash hosted a debate on the feasibility of the Basic Income Grant (BIG) in Cape Town on Thursday.

Business Unity South Africa CEO Cas Coovadia, who argued against, says there is not enough money in South Africa’s ‘bank account’ to fund a BIG.

Wits University researcher Thokozile Madonko arguing for the Basic Income Grant said that BIG was ultimately about political will. Something must be done to solve South Africa’s social ills but the country cannot afford nor […]

Full Post at allafrica.com

Tools for Humanity, the company behind Worldcoin, is exploring potential partnerships with digital payment giant PayPal and Artificial Intelligence (AI) research company OpenAI, said Alex Blania, Chief Executive Officer at Tools for Humanity, in a recent interview with Bloomberg News.

Details about these potential partnerships, however, remain tentative and non-specific. Blania did not provide concrete examples of what the collaboration with OpenAI might entail.

“There’s some natural things in how we might and will work together,” he said. “But it’s nothing that we’re ready to announce yet.”Regarding PayPal, a potential collaboration might still be in the preliminary stages. According to Blania, […]

Full Post at www.tradingview.com

The BIG Forum in Ottawa, May 23 to 26, 2024 Photo Credit: BIG Forum

Welcome to another addition of Small Change where we discuss issues not covered, or at least not in-depth, in mainstream media.

Today I’m speaking with Sheila Regehr about a Basic Income Guarantee (BIG) and the upcoming BIG Forum in Ottawa, Ontario.Regehr is a retired federal public servant who worked on income security as well as taxation, child benefits, and non-market work. She is the former Executive Director of the National Council of Welfare as well as a Founding member of the Basic Income Canada Network and chair […]

Full Post at doreenn.substack.com

How would you feel if a certain amount of money is automatically credited in your bank account every month? Would you rather spend it to fulfil your needs or would you like to spend it on fun activities? This was the dilemma faced by the Government of India with respect to Universal Basic Income. Introduction:-

The Annual Economic Survey of 2016-17 highlighted a new concept of Universal Basic Income which became a matter of debate among economists and scholars. Universal Basic Income (UBI) is a social welfare program where all citizens or residents of a country regularly receive a […]

Full Post at www.onlinecu.in

FEATURES

As oversaturation hits the world’s largest ride-hailing market, drivers are struggling to cope with low earnings, long hours, and increased health risks. Despite government efforts to regulate the industry, experts call for a more comprehensive approach.

Apr 25, 2024 #labor #economy #business SHANGHAI — After more than a decade of building roads, high-speed railways, and skyscrapers, Yang Tian left his job in construction last year for what he hoped would be a less grueling role as a ride-sharing driver in Shanghai.But just months into the new gig, Yang was working relentless 14-hour shifts for monthly savings of around 3,500 […]

Full Post at www.sixthtone.com

Press release no.15 Increase in cuts in benefits in 2023

Last year, the Jobcenters imposed 226,008 cuts in benefits on people entitled to benefits, 77,520 more than in 2022. In total, 128,415 persons entitled to benefits and capable of working were affected, 28,935 more than in the previous year. The number of cuts in benefits is therefore above the level of the previous three years, but still well below the pre-pandemic level. In 2019, 806,811 cuts in benefits were imposed. In addition to the consequences of the pandemic, the reasons for the decline include the ruling of the Federal […]

Full Post at www.arbeitsagentur.de

Point of Contention: Exploring the Debate Surrounding Universal Basic Income

Point of Contention

· Follow 3 min read·6 hours ago Introduction: In an era marked by rapid technological advancements, globalization, and economic uncertainties, the concept of Universal Basic Income (UBI) has emerged as a point of contention. At its core, UBI proposes a regular, unconditional payment to every individual, regardless of their employment status or income level. While some view it as a progressive solution to poverty and inequality, others raise concerns about its feasibility, economic implications, and potential societal impacts. This article delves into the multifaceted debate […]

Full Post at medium.com