Andrew Yang: Why Universal Basic Income Is Our Future

Andrew Yang: Why Universal Basic Income Is Our Future

The New York Times bestseller from 2020 Democratic presidential candidate Andrew Yang, this thought-provoking and prescient call-to-action outlines the urgent steps America must take, including Universal Basic Income (UBI), to stabilize our economy amid rapid technological change and automation. The shift toward automation is about to create a tsunami of unemployment. Not in the distant future–now. One recent estimate predicts 45 million American workers will lose their jobs within the next twelve years–jobs that won’t be replaced. In a future marked by restlessness and chronic unemployment, what will happen to American society?

In The War on Normal People , Andrew […]

What Will DC Retirement Plans Look Like in 2025?

What Will DC Retirement Plans Look Like in 2025?

The 401k fuure is bright.

In a post-defined benefit (DB) pensions world, defined contribution (DC) plans —historically only used to supplement a monthly pension—have largely failed to prepare U.S. workers for retirement. This leaves those who rely on Social Security as their primary benefit and only source of guaranteed income vulnerable and may also adversely impact employers.

Delayed retirement creates workforce management issues because employees facing financial stress often come to the workplace in poor health, they may be disengaged and are blocking younger workers from advancing.One recent survey shows 93%¹ of plan sponsors agree that they should be […]

Living on $738 a month: As Boomers hit retirement, Social Security more important than ever

Living on $738 a month: As Boomers hit retirement, Social Security more important than ever

MLive file photo of Muskegon’s Hackley Park during the Annual Summer Celebration Senior Social in 2019. Karen Chadwick worked for decades as a massage therapist along with some stints as a secretary.

But in all those her years of work, she’s never had a pension plan and accumulated only modest savings. Now that she’s 73, those savings have evaporated and she lives mainly on her $738 monthly Social Security check, supplemented by two or three massages she provides each month.

“I used to do 15 massages a week," but her hands have stiffened with age, limiting the work she can take […]

OPINION: MLK’s fight for economic justice should not be forgotten

OPINION: MLK’s fight for economic justice should not be forgotten

Tribune News Service Buy Photos Martin Luther King Jr. speaks to thousands during his "I Have a Dream" speech Aug. 28, 1963, in front of the Lincoln Memorial for the March on Washington for Jobs and Freedom in Washington. Martin Luther King Jr. was one of the twentieth century’s biggest advocates for civil rights, social justice and equal protection under the law for all.

This Martin Luther King Jr. Day, don’t forget King’s fight for the working class.

When reflecting on King’s legacy, most commentators praise his fight for equal rights and treatment of black Americans under the law. However, King […]

UK set to trial its first universal basic income experiment in Hull

UK set to trial its first universal basic income experiment in Hull

So far trialed in Europe, the US, and a few other countries, a universal basic income (UBI) is basically a guarantee from the government that everyone gets a minimum income (meant to cover the basic cost of living). Now, the UK wants to have a go at it, specifically in the port city of Hull. The UK city of Hull. Credit Wikipedia Commons A group of councilors from different parties backed the idea of giving every adult in Hull a sum that would range between 50 and 100 pounds per week regardless of their income. Those who currently get […]

Best Books On Universal Basic Income more:

The BIG Library: Books About Basic Income. Last Updated: May 1, 2019 . books of fiction that include basic income can be found at the end of this list. . Universal Basic Income and the . reboobyo.duckdns.org . Online shopping from a great selection at Books Store. Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World For a simple, plain-English, non-stuffy introduction, I rather like this: The Case for a Basic Income Perhaps I’m a little biased, however, because I wrote it! Raising the Floor: How a Universal Basic Income Can […]

Books About Universal Basic Income

Books About Universal Basic Income more:

The BIG Library: Books About Basic Income. Last Updated: May 1, 2019 . books of fiction that include basic income can be found at the end of this list. . Universal Basic Income and the . Online shopping from a great selection at Books Store. Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World nekiifxu.duckdns.org . Basic income, also called universal basic income (UBI), citizen’s income, citizen’s basic income in the United Kingdom, basic income guarantee in the United States and Canada, or basic living […]

Housing prices are an obstacle to universal income

Housing prices are an obstacle to universal income

By Saeeda Bukhari

There is a fear that a disproportionate part of Universal Basic Income would be paid to housing. Under current circumstances, a large portion of the income is paid to rent. A person UK in 2019, if receiving benefits only, in many cases is paying over fifty percent of their income for housing. If UBI was to come into effect, it is possible the same problem would occur. On the minimum wage in the UK (currently £8.21 per hour), over 43 percent of the income of a person living in a city will go to renting a single […]

UBI & the City

UBI & the City

Ludwig Hilberseimer, Bauhaus 3-2, 1929 Skeptics of guaranteed income tend to worry about the policy’s inflationary effects; absent rent regulation, for instance, one might expect housing costs to rise in proportion to the increase in disposable income generated by the policy. In a new working paper supported by JFI, “ Universal Basic Income and the City ,” Khalil Esmkhani, Jack Favilukis and Stijn Van Nieuwerburgh explore the effects of a UBI implemented at the city-level in New York City. The paper finds that, when financed through a progressive income tax, a UBI increases general welfare and—perhaps most notably—does not […]

Universal Basic Income Experiment United States

Will Universal Income Ever Work? | Best Countries | US News

One year on: Finland’s universal basic income experiment

Universal basic income – The Washington Post The Alaska Permanent Fund is one of the closest examples of functional universal basic income in place today. It ensures every resident of that state gets a fixed income from state oil revenues, and reached a record payout of more than $2,000 per person in 2015 (in 2017, every Alaskan received $1,100).The programs of the 1970s, too, foundered on the shoals of politics. When a conservative government came to power […]