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.
What would you do differently if you were guaranteed a minimum income every week, regardless of how you choose to spend your time? Spend more time caring for – or just with – your children? Learn a new skill? Start your own business? It seems like a bold suggestion, but a Basic Income is something that I’ve longed campaigned for. What is it? It’s an unconditional, non-withdrawable income payable to each individual. It’s not subject to means testing and there is no requirement to be working or actively seeking work.
Sir Anthony Barnes (“Tony”) Atkinson is a British economist who has worked on inequality and poverty issues for over four decades. He is a Fellow of the British Academy, Fellow of the Econometric Society, Honorary Member of the American Economic Association and Foreign Honorary Member of the American Academy of Arts and Sciences. He was knighted in 2000. He academically mentored and has collaborated with Thomas Piketty (author of Capital in the Twenty-First Century) and his recent book Inequality: What can be done? was published in 2015.
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At the beginning of 2015, few people had even heard of the idea of a basic income. It wasn't a popular concept and few media outlets had mentioned it. By December, it was being discussed in hundreds of places, and several countries, including Finland andSwitzerland, were seriously considering implementing it.
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The idea is simple. Instead of letting companies pay people paltry wages and then supporting those workers with government programs, the government institutes a floor for income, so no one can make less than enough to live on. If you can make more at your job, you're welcome to it, but no one would ever lack for money. It may sound like a revolutionary idea, but 2015 was the year basic income became a mainstream proposition, much to the delight of supporters who have long favored guaranteeing everyone's minimum welfare.
The Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also to labour markets over the next five years, with enormous change predicted in the skill sets needed to thrive in the new landscape. This is the finding of a new report, The Future of Jobs, published today by the World Economic Forum.
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