Tag: basic income

Arvind Subramanian, Chief Economic Adviser to the Government of India, has issued a prediction that at least one or two of the country’s states will implement an Indian universal basic income within the next two years. Previously, the economist backed the idea in India’s Economic Survey for 2016-17. The concept of UBI has been gaining traction in India over the last few years . In July 2017, talks were held to determine whether such an initiative could be brought to fruition, but opinion is still divided. There are hopes that UBI could offer a way to support people who […]

Full Post at threesonorans.com

Will the Budget manage to tread a fine line between the path of fiscal prudence and the usual free-spending expectations ahead of an election year Finance minister Arun Jaitley ‘s Budget, the last full one by this government, marks the culmination of months of work, during which officials crunched numbers to make sure they all added up. Will the Budget manage to tread a fine line between the path of fiscal prudence and the usual free-spending expectations ahead of an election year? Here’s what you need to watch out for as the FM presents Budget 2018

1] Fiscal deficit
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Full Post at economictimes.indiatimes.com

WASHINGTON, United States (AFP) — Americans are torn over the promise of artificial intelligence, a new poll showed Wednesday, expressing broad optimism about the emerging technologies but also fearing their negative impacts — including job losses, a poll showed Wednesday.

The Gallup survey showed 79 per cent of Americans say artificial intelligence has had a "mostly positive" or "very positive" impact on their lives thus far.

At the same time, 73 per cent said they expect the increased use of AI will eliminate more jobs than it creates and 63 per cent predicted that new technologies and smart machines would widen […]

Full Post at www.jamaicaobserver.com

Conversations about implementing a universal basic income scheme have been ongoing among Indian officials for years. Now, it seems closer to fruition than ever before.

Arvind Subramanian, Chief Economic Adviser to the Government of India, has issued a prediction that at least one or two of the country’s states will implement an Indian universal basic income within the next two years. Previously, the economist backed the idea in India’s Economic Survey for 2016-17.

The concept of UBI has been gaining traction in India over the last few years . In July 2017, talks were held to determine whether such an initiative […]

Full Post at futurism.com

A Gallup survey shows Americans are largely optimistic about the impact of artificial intelligence but fearful of some technologies such as self-driving cars Americans are torn over the promise of artificial intelligence, a new poll showed Wednesday, expressing broad optimism about the emerging technologies but also fearing their negative impacts — including job losses, a poll showed Wednesday.

The Gallup survey showed 79 percent of Americans say artificial intelligence has had a "mostly positive" or "very positive" impact on their lives thus far.

At the same time, 73 percent said they expect the increased use of AI will eliminate more jobs […]

Full Post at www.dailymail.co.uk

6 Comments What would you do if money was no object?

I think, at its core, that is the question being asked in a lot of financial independence spheres. If you could do anything in the world or if it was impossible to fail, what would you do?

As the world becomes more automated and machines are able to do more and more jobs, what will humans do? I, for one, hope that we will eventually see a rise of universal basic income . I hope, but I dare not hope at the same time. Politicians at large are not exactly […]

Full Post at frugasaurus.com

A campaign to distribute $10/month to all world citizens for starters, thereby eradicating extreme poverty. Register now to start a free trial with access to these detailed user analytics about 16 hours ago · Twitter Web Client · en

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Social security is a universally recognized human right. It is defined as an individual’s protection from risks associated with sickness, disability, maternity, employment injury, unemployment, old age, death, unaffordable health care and insufficient family support. The 1948 UN Declaration on Human Rights declares it is the duty of every Member State to guarantee and realize the economic, social and cultural rights of everyone in society “in accordance with the organization and resources of each State”. According to the UN Declaration, these are indispensable in securing the dignity of every citizen and “the free development of his personality” (Article 22).

The […]

Full Post at businessmirror.com.ph

Robots are most certainly taking jobs. In the U.S., they’ve taken about half a million jobs already –mostly replacing assembly line workers with predictable machinery. But some economists agree that the next wave of AI will only accelerate this trend: Researchers estimate that by 2030, we could lose 800 million human jobs globally. By 2040, we could lose half . By 2060, we could lose them all .

In truth, a world in which no one works might not so bad–if we build it right, at least. Bill Gates thinks AI will turn humanity into a leisure class , free […]

Full Post at www.fastcodesign.com