Tag: basic income

Universal Basic Income: A Disincentive to Work or a Tool for Financial Flexibility?

Universal Basic Income: A Disincentive to Work or a Tool for Financial Flexibility?

the staff of the Ridgewood blog

Ridgewood NJ, the idea of Universal Basic Income (UBI) has gained significant attention as governments and researchers explore whether regular, unconditional cash payments can improve lives. Supporters argue UBI could reduce poverty, improve mental health, and offer financial stability. Critics, however, fear that it may reduce the incentive to work, leading to negative long-term economic impacts. Recent findings from Finland, Canada, and a U.S. study provide a mix of results that fuel both sides of the debate. Finland’s UBI Trial: Better Well-Being, Same Employment

In 2017, Finland launched a groundbreaking two-year UBI pilot program. […]

Alternative Universal Basic Income (UBI) Scheme

Alternative Universal Basic Income (UBI) Scheme

Why in News?

A recent report by the International Labour Organization talks about how jobs growth has been lagging globally due to automation and Artificial Intelligence, and problem of youth unemployment in India. What are the differences between Cash Transfer Scheme and UBI?

Cash Transfer Schemes and Universal Basic Income schemes both are safety net programmes aimed to address poverty and support their basic income. To Know more about UBI Click here . Characteristics Cash Transfer Scheme Universal Basic Income Definition It is an income support scheme aimed at specific purpose for targeted groups. It is an […]

“My dream is to create a world where more people can benefit from ‘basic income’ and do what they want.”

LEE Youngwook leeyw@mk.co.kr First Stage as World Coin Founder "Basic income, great benefit to individuals" It will increase the wealth of society as a whole." Identifying AI/people by iris recognition If it is confirmed to be a person, coin will be paid. Introducing Passport Certification for Popularization WorldCoin co-founder Sam Altman announces the expansion plan of WorldCoin at an A New World event held by WorldCoin developer "Tools for Humanity" in San Francisco on the 17th. [Yonhap News] "My dream is to create a world where more people can benefit from ‘basic income’ and do what they want."

OpenAI founder […]

Basic income: why we need to start talking about money

Basic income: why we need to start talking about money

A shopper pushes a trolley through a supermarket car park in Strood, UK, in July 2024. The cost of living crisis has seen many unable to afford everyday essentials Cleo Goodman co-founded the Basic Income Conversation and is also the basic income lead at Autonomy, an independent think tank. We caught up with Cleo at the 23rd Basic Income Earth Network Congress , recently held at the University of Bath, to discuss the importance of discussion, narrative and respecting the opinions of others when trying to shift the policy conversation on social protection in the UK.

Beyond Trafficking […]

A unique program gave a guaranteed income to 800 people experiencing homelessness in Denver. How much did it actually help?

A unique program gave a guaranteed income to 800 people experiencing homelessness in Denver. How much did it actually help?

In the NoCo "Housing is the response to homelessness, and guaranteed basic income provides a really important flexible spending mechanism to aid in accessing housing for folks," says Katie Calhoun. She was a lead researcher at the University of Denver, which partnered with the Denver Basic Income Project to assess the program’s effectiveness. The project provided a guaranteed income for nearly 800 residents experiencing homelessness. Since early 2023 hundreds of Denver residents experiencing homelessness received a monthly income whether they had a job or were unemployed.

Eight hundred participants received the payment as part of a program called the Denver […]

This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy

This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy

Guyana’s government is tapping its newfound oil wealth to give $2,000 to every household. Foto: Kham/Reuters Guyana, the tiny South American nation, is giving $2,000 to every household in the country.

Its president said the cash payments aim to narrow disparities and help with higher living costs.

A huge Exxon oil find has supercharged Guyana’s economic growth and filled the government’s coffers. The world’s fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs.President Mohamed Irfaan Ali of Guyana, the South […]

INTERNATIONAL DAY FOR THE ERADICATION OF POVERTY: SOUTH AFRICA IS IN DESPERATE NEED OF A BASIC INCOME GRANT

INTERNATIONAL DAY FOR THE ERADICATION OF POVERTY: SOUTH AFRICA IS IN DESPERATE NEED OF A BASIC INCOME GRANT

GOOD Secretary General

As the world observes the International Day for the Eradication of Poverty, the GOOD Party remains steadfast in our call for a Basic Income Grant.

In the United Nations 2024 message, UN Secretary-General António Guterres says ‘… poverty is not inevitable. It is the direct result of the choices that societies and governments make — or fail to make. …Ending global poverty requires governments shaping institutions and systems that put people first. It demands that we prioritize investments in decent work, learning opportunities and social protection that offer ladders out of poverty.’The Government of South Africa is failing […]

The advance payment of agricultural subsidies begins today

The advance payment of agricultural subsidies begins today

The payment of advances for direct subsidies and individual rural development measures will begin on Wednesday, and farmers will be able to access HUF 321 billion by the end of the year, announced Agriculture Minister István Nagy on his social media page. In the first week, more than 100,000 producers are expected to receive support. (Photo: drnagyistvan.hu) The Hungarian government always stands by the farmers and is aware of the outstanding role played by land- and animal-based subsidies in the operation of farms. For this reason, this year as well, we created the conditions for the advance and partial […]

The Financial Implications of Universal Basic Income: What a Recent Experiment Reveals

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Home | The Financial Implications of Universal Basic Income: What a Recent Experiment Reveals

Universal Basic Income (UBI) has garnered increasing attention as a potential solution to adverse projected trends in technological unemployment and income inequality. The concept involves providing regular, unconditional payments to all citizens to ensure financial security and personal freedom.A recent UBI experiment, funded by Sam Altman, CEO of OpenAI, offers new insights into how UBI might affect recipients’ financial well-being. As one of the most comprehensive UBI trials to date, this study sheds light on the positive and concerning aspects of UBI’s impact on financial […]

Could a guaranteed income pave the way for racial justice?

Could a guaranteed income pave the way for racial justice?

Protesters march in support of Black Lives Matter in June 2020 in Chicago | Natasha Moustache/Getty Images. All rights reserved Rachel Pyon is the research director at Equity and Transformation, a non-profit community organisation working to mobilise Chicago’s informal workforce. She also manages the Chicago Future Fund, a guaranteed income programme for formerly incarcerated people. Deon Hodrick is a recipient of the Chicago Future Fund and a guaranteed income advocate. And Matthew Harvey is a research assistant and storyteller at Equity and Transformation.

We caught up with them at the 22 nd Basic Income Guarantee Conference in San […]