Tag: guaranteed income

Steven Pearlstein is a Washington Post business and economics columnist. He is also Robison Professor of Public Affairs at George Mason University.

To meet this political and economic meta-challenge, the hot new idea is the universal basic income — using some of the wealth generated by all this new technology to guarantee everyone a baseline income, whether they are working or not.

It’s not as crazy as it may sound. In recent years, a guaranteed income has been proposed on the right by Charles Murray at the American Enterprise Institute and Michael Tanner of the Cato Institute, and on the left […]

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Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all. Final results from Sunday’s referendum showed that nearly 77% opposed the plan, with only 23% backing it. The proposal had called for adults to be paid …and more » –

A referendum on a guaranteed income was rejected by 77 percent of Swiss voters on Sunday. Supporters of the initiative, including Kim-Fabian von Dall’Armi, gathered in Basel to celebrate the fact that 23 percent voted yes. Credit Alexandra Wey/European …and more » –

In this May 14, 2016 file pictire a huge […]

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Over the last three decades, technology and globalization have combined to eliminate millions of jobs in advanced industrial countries, shifting an increasing share of national wealth to those at the top while incomes at the bottom stagnate or decline. And if you believe the talk in technology circles, robots and intelligent software are quickly becoming so sophisticated and so ubiquitous that they are about to take over the work done by millions more. How will we deal with a world where leisure is abundant and there aren’t enough good-paying jobs to go around?

To meet this political and economic meta-challenge, […]

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Universal basic incomes schemes function to make work more attractive by raising incomes and removing stress induced by job insecurity, David Olive writes. “The State owes all its citizens a secure subsistence, food, suitable clothes and a way of life that does not damage their health.” —Montesquieu, Enlightenment philosopher whose theory on separation of powers underpins the constitutions of many countries, including the U.S., in a 1748 essay.

The proposition that no one should be deprived of the basics of life for simple lack of money is about to be made real this year in Ontario, with pilot projects […]

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What if you were guaranteed an income every month just for being alive?

The check wouldn’t make you rich, but it would cover basic living costs, and you could spend it any way you wanted.

That’s the idea behind universal basic income, a movement that has captured interest on a global scale. It’s a concept that’s gained support across both sides of the political aisle. In fact, many Silicon Valley leaders insist guaranteed income is the solution to potential wage loss thanks to job automation.How would a universal basic income work, and what do opponents have to say? Read on to […]

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Three University of Manitoba economists, Wayne Simpson, Greg Mason, and Ryan Godwin, have jointly authored a new research paper about the Manitoba Basic Annual Income Experiment (“Mincome”), a trial of a guaranteed income that took place from 1974 to 1979.

The Mincome experiment consisted of randomized studies in Winnipeg and rural Manitoba, as well as a saturation study in the town of Dauphin, where all residents were eligible for participation in the study. Participants received an income supplement that was phased out as personal earnings increased, and several combinations of minimum income level and taxation rates were tested. The […]

Full Post at basicincome.org

Each year, robots and artificially intelligence systems cause unemployment rates to increase as more and more jobs become automated. And when you stop to take a look, the numbers are harrowing.

In Canada, a study conducted by the Brookfield Institute for Innovation + Entrepreneurship found that a staggering 40 percent of Canadian jobs will be taken over by machines in the next few decades. In the United Kingdom, a study conducted by Oxford University and Deloitte, a business advisory firm, found that 850,000 public sector jobs in the region will likely be lost by 2030. In Southeast Asia, an estimated […]

Full Post at futurism.com