Our current economic world order is dying. To make sure lots of people don;'t die along with it a basic income has become critical. Without basic income there won't be anything resembling "civilization" on this planet 50 years from now.
Humans aren't as necessary as they once were for carrying out basic tasks, manual and otherwise. Robots are doing more and more of those jobs, threatening to displace large numbers of workers and prompting experts from economists to Elon Musk to ask whether now is the time to implement a universal basic income, a social safety net that would provide unconditional cash payments t
Finland is testing the universal basic income (UBI) policy in a bid to boost employment as the country is slowly recovering from recession. Professor Olli Kangas told Radio Sputnik that the two-year-long experiment is meant to provide evidence that will show whether this strategy is a blessing or an additional burden.
"... the next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good middle class jobs obsolete. And so we’re going to have to forge a new social compact to guarantee all our kids the education they need, to give workers the power to unionize for better wages, to update the social safety net to reflect the way we live now, and make more reforms to the tax code so corporations and the individuals who reap the most from this new economy don’t avoid their obligations to the country that’s made their very success possible."
What we have here from Matt Bruenig is a wonderful piece of political rhetoric and an attack of bad economics. Not that this is unusual of course--all too much of good political rhetoric depends upon ignoring good economics. Bruenig's point is that a hefty chunk of the American economy goes [...]
One of the UK's biggest landlords has instructed agents acting on his behalf not to let his properties to "battered wives", single parents, low income workers, people on zero-hour contracts, or plumbers.
India is going to endorse a Universal Basic Income (UBI), according to a leading advocate of the system. The world’s largest democracy will release a report in January stating that UBI is “basically the way forward,” according to Professor Guy Standing, who has worked on universal income pilot projects in India. If implemented, India would join Finland in providing free money to citizens.
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