Reflecting on Basic Income
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Reflecting on Basic Income
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.
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Conversational Presentation of Why Automation is Different This Time

I have been frustrated recently with my inability to efficiently participate in discussions of automation which crop up online and in person. The purpose of the post is to refine a conversational presentation of what I believe to be the salient concerns; the chief goals are brevity and clarity, but obviously corrections of fact supersede this. 

 Epistemic status: plausible causal conjecture. 

 I think the current wave of automation will be different from previous ones, in ways which make it more disruptive. There are three reasons for this:

 No Fourth Sector: 
The economy has three broad sectors: agriculture, manufacturing, and services. The first wave was in agriculture, and people could find adjacent work or switched to working in manufacturing. The second wave was in manufacturing, and people could find adjacent work or switched to work in services. The current wave is affecting services, but there is no fourth sector of the economy left for workers to switch to. 

 Skills Over Jobs: 
Agricultural automation was largely about tasks: a digging machine, a seeding machine, a pulling machine. Manufacturing automation took this to the next level, with robots performing defined sequences of tasks. But in both cases these were specific - any task or series of tasks which had not been specifically automated was still work to be had. The new wave of automation is entire skillsets, like apply this pattern or the ability to speak. This means when a job is lost to automation, all similar jobs are going away at the same time. There will be no adjacent work for people to switch to. 

 Speed: 
When automation was physical machines, they had to design them, and build them, and ship them, and customers had to rebuild their own factories to use manufacturing robots. Modern automation is largely software driven, so design and build are the same process, which is then practically free to copy and distribute. As soon as the method is ready, it can be picked up by businesses as fast as they can rent server space to run it. This gives local economies and institutions like government very little time to respond. Automation is different this time because the problems we experienced last time will be more severe, and more widespread, and happen faster.
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Does free money make people lazy? Why the case for a universal basic income is getting stronger.

Does free money make people lazy? Why the case for a universal basic income is getting stronger. | Reflecting on Basic Income | Scoop.it
Support for a universal basic income is gaining traction, including from prominent members of the business community like Facebook CEO Mark Zuckerberg.
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Facebook cofounder Chris Hughes plan to fund a basic income

Hughes wants to give a $500 monthly stipend to 90 million Americans making less than $50,000 a year.
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Finland is giving each citizen a universal basic income and it's changing lives

Finland is giving each citizen a universal basic income and it's changing lives | Reflecting on Basic Income | Scoop.it
In January 2017, Finland began paying a random sample of 2,000 unemployed people aged 25 to 58 a monthly 560 euros (£475). There was no obligation to seek or accept employment during the two year trial ordered by the centre-right government, who run the country on austerity economics. If they did take a job, they would continue to receive the same payment, regardless.
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Unconditional Basic Income as the Social Vaccine of the 21st Century —

Unconditional Basic Income as the Social Vaccine of the 21st Century — | Reflecting on Basic Income | Scoop.it
Can the savings of unconditional basic income (UBI) exceed its cost? “An ounce of prevention is worth a pound of… by scottsantens
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Richard Branson: Universal basic income is coming - Feb. 15, 2018

Richard Branson: Universal basic income is coming - Feb. 15, 2018 | Reflecting on Basic Income | Scoop.it
Richard Branson believes that a minimum income for all workers is inevitable.
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Mannabase: Blockchain Platform for Universal Basic Income

Mannabase: Blockchain Platform for Universal Basic Income | Reflecting on Basic Income | Scoop.it
Manna is a cryptocurrency that is distributed to people around the world as Universal Basic Income. Everyone is eligible. Sign up for free!
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Study: Billionaires Could End Extreme Poverty 7 Times Over

Study: Billionaires Could End Extreme Poverty 7 Times Over | Reflecting on Basic Income | Scoop.it
The world's billionaires saw their wealth surge by $762B, which is enough to end extreme poverty seven times over, according to Oxfam.
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How Hunter-Gatherers May Hold the Key to our Economic Future

How Hunter-Gatherers May Hold the Key to our Economic Future | Reflecting on Basic Income | Scoop.it
We need to rethink our relationships with the workplace.
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The Case for Free Money

The Case for Free Money | Reflecting on Basic Income | Scoop.it
At first blush, universal basic income sounds like something dreamed up on a California commune or in a late-night college bull session. The idea: Just give people money. Ask nothing in return. Impose no requirement to work or to look for work. And don’t just give taxpayer money to people living in poverty, give it to everybody—from gazillionaire to gig-worker—no questions asked.
Yet universal basic income is an idea that is having its moment. Enthusiasm for a government-guaranteed income for all seems to be percolating across the country. Groups backed by Silicon Valley luminaries are forming to devise political strategies. Hillary Clinton’s presidential campaign flirted with the idea. There’s scholarly and popular interest in the small-scale attempts that have been made, and new experiments are being launched to try to answer some of the questions about how it could work.
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A Strike for a Shorter Work Week in Germany Signals a Global Shift

IG Metall, which represents 3.9 million German workers, began 24-hour strikes this week over the right to work a 28-hour work week and the right t
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Basic income — now, in 20 years or never? – Micgoat – Medium

In the ongoing war against poverty, a modest UBI to many looks like a safe tool to combat wealth inequality and ease the fear of unknown. With the likes of Musk, Zuckerberg and trials happening all…
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Less Than 3 Percent of GDP Could End U.S. Poverty, New Research Shows

Less Than 3 Percent of GDP Could End U.S. Poverty, New Research Shows | Reflecting on Basic Income | Scoop.it
A universal basic income (UBI) allowing all Americans to live above the poverty line would have a cost equal to less than 3 percent of the nation’s GDP, according to a new study by Georgetown University in Qatar professor Karl Widerquist.
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This Is What Life Without Retirement Savings Looks Like

This Is What Life Without Retirement Savings Looks Like | Reflecting on Basic Income | Scoop.it
Many seniors are stuck with lives of never-ending work—a fate that could befall millions in the coming decades.
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Solving Poverty Forever! (Using Math!)

Accomplished via massive welfare reform, and strongly featuring the negative income tax, first proposed and popularized by the late and great Milto
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Facebook co-founder Chris Hughes wants $500 per month in basic income

Facebook co-founder Chris Hughes wants $500 per month in basic income | Reflecting on Basic Income | Scoop.it
"As long as you're working, your country would take care of you," says Chris Hughes, author of "Fair Shot" and advocate for a basic income.
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Gates says billionaires should pay 'significantly' more taxes

Gates says billionaires should pay 'significantly' more taxes | Reflecting on Basic Income | Scoop.it
Bill Gates says he has paid more than $10 billion in taxes over a lifetime but billionaires like him should pay “significantly” more because they benefit more from the system. The Microsoft co-founder, the world’s second richest man after Amazon’s Jeff Bezos, was critical of a recent US tax overhaul that slashed corporate taxes and lowered the top bracket for individual income. “I’ve paid more taxes, over $10 billion, than anyone else, but the government …
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What a Universal Basic Income Could Mean for the Labor Market – Bloomberg

Damon Jones, associate professor at the University of Chicago's Harris School of Public Policy, discusses Alaska's universal basic income with Bloomberg's Julie Hyman, Scarlet Fu and Joe Weisenthal on "What'd You Miss?" (Source: Bloomberg)
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Meet the Long-Shot 2020 Presidential Candidate Who Might Make UBI a Reality

Meet the Long-Shot 2020 Presidential Candidate Who Might Make UBI a Reality | Reflecting on Basic Income | Scoop.it
Presidential candidate Andrew Yang wants to build the infrastructure for the automated society we're already beginning to create.
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One way to help America's middle class? Redistribute wealth - CBS News

One way to help America's middle class? Redistribute wealth - CBS News | Reflecting on Basic Income | Scoop.it
Even fervent capitalists see the damage concentrated wealth is causing and say those with less of it need more help
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Dubai Summit Sees Artificial Intelligence Adding $15 Trillion to the World in 2030 | Asharq AL-awsat

Dubai Summit Sees Artificial Intelligence Adding $15 Trillion to the World in 2030 | Asharq AL-awsat | Reflecting on Basic Income | Scoop.it
India has realized the IT revolution using its own resources, after it had missed out on the industrial revolution, India's Prime Minister Narendra Modi said on Monday.
India has become a leading country in the fields of advanced technology, such as
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Why everybody's suddenly talking about Universal Basic Income

It seems that wherever you look these days, somebody is bringing up this strange new idea of a Universal Basic Income. So why all the sudden interest
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Finland’s basic income may boost motivation to accept work - thisisFINLAND

Finland’s basic income may boost motivation to accept work - thisisFINLAND | Reflecting on Basic Income | Scoop.it
A basic income is not a cure-all, but for 30–40-somethings with short-term employment contracts, it seems to be a perfect fit.
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Basic Income - Utopia, now? A radical rethinking of work, wealth and freedom

Historian and author Rutger Bregman is calling for new thinking about the kind of world we want to live in. Ideas like a basic income for everyone, with n
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Report: Billionaires made enough in 2017 to end poverty 7 times over

Washington News Service: SEATTLE - Last year, billionaires saw their wealth increase enough to end extreme poverty around the world seven time
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