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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A village in Kenya is quietly disproving the biggest myth about basic income

A village in Kenya is quietly disproving the biggest myth about basic income | Reflecting on Basic Income | Scoop.it
A 12-year basic income experiment in Kenya is showing that people typically spend free cash on necessities, not vices like alcohol or gambling.
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If Work Dominated Your Every Moment Would Life Be Worth Living?

If Work Dominated Your Every Moment Would Life Be Worth Living? | Reflecting on Basic Income | Scoop.it
A world of total work is defined by ceaseless, restless, agitated activity, anxiety about the future, a sense of life being overwhelming, nagging thoughts about missed opportunities, and guilt connected to the possibility of laziness.
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Universal Basic Income: Why Elon Musk Thinks It May Be The Future

The debate over universal basic income is being renewed by industry leaders and billionaires like Elon Musk.
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One of the reasons the people of Iran took to the streets is because of the government's intention to eliminate the basic income of 30 million people — Steemit

One of the reasons the people of Iran took to the streets is because of the government's intention to eliminate the basic income of 30 million people — Steemit | Reflecting on Basic Income | Scoop.it
So far a reported 21 people have died and 400 people have been arrested out of 42,000 protestors over a… by scottsantens
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What billionaires and business titans say about cash handouts in 2017 (Hint: lots!)

What billionaires and business titans say about cash handouts in 2017 (Hint: lots!) | Reflecting on Basic Income | Scoop.it
With people like Mark Zuckerberg and Richard Branson talking, universal basic income had a moment this year.
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Your Life in 2027: A Look at the Future | Vivek Wadhwa (Full Video)

Between driverless cars and AI and gene modification technology, we're about to see a lot of very big changes in a short amount of time. But there's
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Do The Morbidly Rich Have Complete Economic Control, Yet Can we stop them before they do

Money isn't Money. Thom explains the differences that emerge with cost of living, why giving $5 can make a huge difference to one person and not somethin
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UK: Steven Davies reviews Rutger Bregman’s "Utopia for Realists" | Basic Income News

UK: Steven Davies reviews Rutger Bregman’s "Utopia for Realists" | Basic Income News | Reflecting on Basic Income | Scoop.it
In the three years since its initial publication, Rutger Bregman’s Utopia for Realists has helped spur a global conversation on universal basic income (UBI). The book has become an international bestseller, garnering praise from intellectual heavyweights and propelling its author to the TED stage this past April. However, Stephen Davies, education director at the Institute for Economic Affairs (IEA), remains
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What Mainstream Economists Get Wrong About Secular Stagnation

What Mainstream Economists Get Wrong About Secular Stagnation | Reflecting on Basic Income | Scoop.it
Forget the myth of a savings glut causing near-zero interest rates. We have a shortage of aggregate demand, and only public spending and raising wages will change that.
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The 1% Will Earn the People's Hatred | Black Agenda Report

The 1% Will Earn the People's Hatred | Black Agenda Report | Reflecting on Basic Income | Scoop.it
“The rich prevail in virtually every contest because their political monopoly matches their monopoly on economic power.”
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Basisinkomen van 1.600 euro is mogelijk, waar wachten we op > De Lange Mars - archief van 2013 - 2017

Basisinkomen van 1.600 euro is mogelijk, waar wachten we op > De Lange Mars - archief van 2013 - 2017 | Reflecting on Basic Income | Scoop.it
Een basisinkomen van 1.600 netto voor iedereen is mogelijk en zal de economie een ongekende impuls geven. Hiervoor is een verandering van het financieel systeem nodig, waarbij de overheid geld creëert in plaats van de banken. Het is het zoeken [...]
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Post-work: the radical idea of a world without jobs

Post-work: the radical idea of a world without jobs | Reflecting on Basic Income | Scoop.it
The long read: Work has ruled our lives for centuries, and it does so today more than ever. But a new generation of thinkers insists there is an alternative
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Do you work more than 39 hours a week? Your job could be killing you

Do you work more than 39 hours a week? Your job could be killing you | Reflecting on Basic Income | Scoop.it
Long hours, stress and physical inactivity are bad for our wellbeing – yet we’re working harder than ever. Isn’t it time we fought back?
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Analysis | Massive new data set suggests economic inequality is about to get even worse

Analysis | Massive new data set suggests economic inequality is about to get even worse | Reflecting on Basic Income | Scoop.it
It shows the rich not only get richer, but they've gotten richer faster over the past 150 years. And as the acceleration continues, the working class will never catch up.
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What We Know and Don't Know - About Universal Basic Income - Alison Fahey - EA Global London 2017

Is universal basic income a viable way to support humans in the face of technological change? As technology advances, fewer jobs require human labor
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Market Volatility Bulletin: What Impact Would A Universal Basic Income Have On Capital Markets?

Market Volatility Bulletin: What Impact Would A Universal Basic Income Have On Capital Markets? | Reflecting on Basic Income | Scoop.it
Economic data continues to steer positive. What impact could implementation of a Universal Basic Income have on financial markets? Spot VIX has teased higher ev
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Bernie Sanders Brings Up Universal Basic Income In Response to Question Re: Automation

From a town hall in MI earlier this year.
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A village in Kenya is quietly disproving the biggest myth about basic income

A village in Kenya is quietly disproving the biggest myth about basic income | Reflecting on Basic Income | Scoop.it
A 12-year basic income experiment in Kenya is showing that people typically spend free cash on necessities, not vices like alcohol or gambling.
more...
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Scott Santens - Top 10 Basic Income Videos of 2017

Scott Santens - Top 10 Basic Income Videos of 2017 | Reflecting on Basic Income | Scoop.it
Top 10 Basic Income Videos of 2017 - A look back at this year's best UBI videos
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Why some countries are seriously considering handing out free money

Why some countries are seriously considering handing out free money | Reflecting on Basic Income | Scoop.it
Free money experiments are underway in a handful of countries as governments face evolving workforces and strained welfare systems.
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Scotland united in curiosity as councils trial universal basic income

Scotland united in curiosity as councils trial universal basic income | Reflecting on Basic Income | Scoop.it
Four local authorities tasked with turning utopian fantasy into reality with backing of first minister and multi-party support
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CANADA: Deloitte future jobs report recommends basic income | Basic Income News

CANADA: Deloitte future jobs report recommends basic income | Basic Income News | Reflecting on Basic Income | Scoop.it
Recently, there has been a great deal of attention paid to the changing nature of work. From rising automation to the ever-expanding gig economy, the effects of shifting labor landscapes are being felt by governments, businesses, and workers around the world. A new report from Deloitte, a global consulting firm, in partnership with the Human Resources Professionals Association, wades into this discussion with an analysis of the Canadian workforce. In addition, the report offers an array of potential public policy responses to address disruptive trends in the labor market including a shorter workweek, flexible education pathways, and a basic income.
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