Tag: basic income

GiveDirectly says its cash payments fund new ventures, from farming to fishing. Talk of a universal basic income (UBI) has accelerated in recent months as analysts agree society needs a complete rethink when it comes to countering economic trends such as offshoring and automation. From a minor gubernatorial candidate in California floating an ambitious UBI proposal to a test pilot in Canada , momentum for UBI programs is building – but there is still much to learn.

The stress of wondering how the next meal, supply of diapers or medical emergency will be paid is endemic in both developed and […]

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Job applications and information for the Gap Factory Store sit on a table during a job fair at Dolphin Mall in Miami, Fla., Tuesday, Oct. 6, 2015. Photo Credit: AP Empowering our citizens should be the number one goal for all politicians, and it’s time to see if basic income will be the answer.

As the global economy replaces human labor with automated processes, universal income is an option that will need to be explored.

Earlier this month, Ontario, Canada unveiled a small pilot program to test basic income. Starting in three locations around the province, the program will randomly […]

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© AP Photo/ Michael Probst In their new book, German financial experts Marc Friedrich and Matthias Weik propose a radical new economic model, which they say will help society to cope with the changes wrought by increasing digitalization.

Friedrich told Sputnik Deutschland that action taken to arrest the 2008 financial crisis, such as quantitative easing, has only papered over the cracks in the global financial system.

"Things are going in the wrong direction. Unfortunately, nothing has changed since the 2008 financial crisis. On the contrary, problems were only covered over with a lot of cheap money. Don’t forget that the European […]

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Finland’s universal basic income trial scheme is already paying off: by reducing the stress levels of those who receive it. RELATED: Finland Becomes First Country to Provide Citizens Basic Income Marjukka Turunen, head of KELA, the legal component of Finland’s social insurance agency, said that in addition to cutting bureaucracy, reducing costs and tackling poverty, the trial is already having a positive effect on people’s mental health. “There was this one woman who said: ‘I was afraid every time the phone would ring, that unemployment services are calling to offer me a job,’” Turunen told Kera News, explaining that […]

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shutterstock_636334199-940×580 Is Southeast Asia ready for the robotics revolution? TECHNOLOGICAL advancements over the past couple of years have brought the prospect of a robotic workforce closer to reality.

Experts believe we are now on the verge of the largest economic transformation in recorded history, with robots set to become a common feature of modern working environments.

The long held belief that this robotic revolution would impact developed countries long before it affected developing nations, with low labour costs, is proving to be a misconception.The International Data Corporation’s (IDC) publication Worldwide Robotics 2017 Predictions is one of many recent reports which concludes […]

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Then why not do it on a bi-partisan basis so Rs can take partial credit?

Universal income in the case I mention is about replacing old and clunky welfare systems all of which cost time and money to be administered, all of which are vulnerable to fraud, and many of which are too hard to access for a lot of people on a regular basis. In the case I mentioned, it was about replacing existing piece-meal welfare systems with one that is far easier to manage, takes almost no effort to get, and would be far harder […]

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Universal Basic Income is exactly that , a guaranteed sum of money paid to all citizens that covers at least rent, bills and food, generally reducing to zero as an individual’s pay rises. A replacement to most current welfare payments, this allows everyone to live while providing greater leisure time or allowing them to top up income by working. While this may seem a radical idea, it has been trialled in Finland , and is soon to be trialled in Canada and Scotland . If any party wishes to substantiate the claim that they will make the economy work […]

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Those jobs you mention are skilled jobs, and most of the chronically unemployed are unemployed precisely because they’re uneducated and unskilled. It’s not as easy as plugging a warm body into a job slot.

We are dependent on nature. To live in the extremely free and prosperous lifestyle we enjoy, we are also highly dependent on each other. Many people could live for some time, in a dramatically lower quality of life, if they were turned loose in the wild…but that’s not how we live […]

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Unsplash / Haley Phelps Four months after Finland’s social-security institution Kela launched a two-year experiment in basic income, a system of wealth distribution in which people receive a salary just for being alive, some of the 2,000 recipients are already reporting lower levels of stress.

The $600 they receive each month might not be much, but it’s enough to put some people’s anxiety at ease, Marjukka Turunen, head of Kela’s legal benefits unit, told Kera News .

"There was this one woman who said: ‘I was afraid every time the phone would ring, that unemployment services are calling to offer me […]

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