Tag: basic income

Smiths Falls Record News

The idea of Smiths Falls vying to be one of the municipalities in Ontario to test out a basic income pilot project was shot down at council’s committee of the whole meeting on Dec. 19.

The purpose of the basic income pilot project would be to test replacing the broad policing, control and monitoring present in the current Ontario Works and the Ontario Disability Support Program (ODSP) with a "modestly more generous" basic income which would be disbursed automatically to those living beneath a certain income.In a priority issue put forward by the town’s chief administrative officer, […]

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Starting January 1, 2017 Finland will provide 2,000 unemployed citizens with 560 Euros every month for two years. The nation hopes that the basic income experiment will improve quality of life for its citizens while opening up new jobs.

If you currently collect unemployment in Finland, you risk losing your benefits if you start to bring in side income. The country has discovered that the regulations behind this safety net effectively deter people from seeking part-time jobs. Starting a new company or joining a startup is also risky, and many people need the reliability of an unemployment […]

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As technology gets more and more advanced, it stands to reason that the United States’ economy will continue to get more and more automated. And it follows in turn that as more and more jobs are lost to automation , more and more people will find themselves out of work and without any immediate apparent means of support. Naturally, opinions vary on solutions to the problem, and one of them is the concept of universal basic income, an idea which can now count Facebook co-founder Chris Hughes among its interested parties.

Hughes is just one of more than a hundred […]

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Obama Talks AI and UBI

In a recent interview with Wired editor-in-chief Scott Dadich and MIT Media Lab director Joi Ito, President Barack Obama discussed the importance of exploring the concept of universal basic income (UBI) as it relates to the rise of technology and artificial intelligence (AI).

AI could fundamentally change employment in the future, and Obama notes that is already ingrained in our daily lives in more ways than we could imagine, citing the medical and transportation industries at the forefront. And while AI is inevitably poised to create a more productive system and possibly a more efficient […]

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" …automation and basic income is a development that will free us to do lots of incredible things that are more aligned with what it means to be human. ” — Albert Wenger (Partner, Union Square Ventures )

Experts vary in their assessment of exactly how many jobs may be lost due to the rise of automated technologies in the workforce (robot automation, driverless vehicles, artificial intelligence, etc.), but economists, technologists, and politicians alike agree that, for the most part, the number of jobs at risk of being squeezed out of existence could be in the tens of millions, globally, […]

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In 2017, we’ll have some real data available on whether universal basic income is a good idea.

Y Combinator’s Sam Altman is a big booster of the idea of a basic income. Brian Ach/Getty

The concept is simple enough: Governments pay people for doing nothing. In place of state benefits, people would receive income regardless of their situation. Proponents say that such a system could alleviate poverty, and help provide people who are just about managing with a little freedom to escape low quality jobs and access education. As more jobs are lost to automation, the argument goes, a universal […]

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Obama: In the Age of Autonomy, Universal Basic Income Will Enter Our Debates

OBAMA TALKS AI AND UBI

In a recent interview with Wired editor-in-chief Scott Dadich and MIT Media Lab director Joi Ito, President Barack Obama discussed the importance of exploring the concept of universal basic income (UBI) as it relates to the rise of technology and artificial intelligence (AI). AI could fundamentally change employment in the future, and Obama notes that is already ingrained in our daily lives in more ways than we could imagine, citing the medical and transportation industries at the forefront. And […]

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Jobless people generally cannot earn additional income while collecting unemployment benefits or they risk losing that assistance. For laid-off workers from Nokia, simply collecting a guaranteed unemployment check often presents a better financial proposition than taking a leap with a start-up in Finland, where a shaky technology industry is trying to find its footing again.

Now, the Finnish government is exploring how to change that calculus, initiating an experiment in a form of social welfare: universal basic income. Early next year, the government plans to randomly select roughly 2,000 unemployed people — from white-collar coders to blue-collar construction […]

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Credit: The Daily Public

At George Fox University 10 Reasons You Should Support Basic Income

Pin It The idea of a universal basic income (UBI) has been around for a while, but it has been gaining attention recently. It is a fairly simple idea. Step 1 is to regularly give every citizen a check to cover basic expenses. There is no Step 2.Despite — or perhaps because of — its simplicity, implementing a universal basic income would solve several problems in American economic policy and ultimately be beneficial. Here is an overview of some of the reasons why. […]

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Nearly half of Americans are in favor of giving cash handouts of $500-$2,000 a month to residents when robots take their jobs.

A survey of 500 individuals in the U.S. released today found that 46 percent of people support the idea of a universal basic income, through which the government gives a cash handout to any resident, irrespective of employment status.

"The general concept of a floor on income is generally acceptable to and popular with voters. This is a solid first step," writes Misha Chellam , the founder of startup-training company Tradecraft and a signatory of the Economic Security Project, […]

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