There is growing evidence that giving citizens (or at least the poor) a stipend will make people healthier and happier without tanking the economy or productivity. But it can also be abused – not just by lazy or entitled individuals, but by governments and businesses as well.
What is UBI and wow would free money change our lives? Learn all about it in this episode of “In a Nutshell.” [Kurzgesagt – In a Nutshell ] The post Universal Basic Income Explained – Free Money for Everybody? appeared first on Geeks are Sexy Technology News.
In a very prescient animated essay, The ever-insightful Kurzgesagt explains how establishing basic income program (UBI) amongst the population can help to create a sustainable way to eliminate poverty, help to close yawning wage gaps and perhaps even reduce government spending. We need to think about what kind of UBI we want and what we’re...
Authored by Charles Hugh Smith via OfTwoMinds blog, Robots are only cost-effective in the narrow niches of commoditized tasks. In the view of Universal Basic Income (UBI) advocates, substituting robots for human labor will not only free...Show More Summary
In their distinctive style, Kurzgesagt tries to explain the concepts behind and pros & cons of Universal Basic Income in just 10 minutes. In US, UBI would be a massive change to how our economy and society functions, so much so that it’s challenging to predict what the effects would be. Show More Summary
A universal basic income (UBI) has been proposed now and then in different places as a response to income inequality, unemployment, low wages, automation, and inadequate social safety nets. Everyone would be given enough money for basic survival, whether or not they also have a paid job. Show More Summary
Robots are going to take your job and there’s nothing you can do about it. You need look no further than the trucking industry to find the writing on the wall, but what do we do when robots are better at the jobs we need? One solution is to give them the work and us the paychecks. Show More Summary
by Andrew Wright Even the most pointed documentaries occasionally need to show exactly what they’re jabbing at. The intriguingly wonky Free Lunch Society takes a distinctly favorable look at the concept of an Universal Basic Income, drawing copiously from the past—as well as a few ominous glimpses down the road—to make its case. Show More Summary
A couple of months ago, I wrote a post making some observations on the closely related ideas of a Universal Basic Income or Guaranteed Minimum Income. The most important was Observation 1: Any UBI scheme can be replicated by a GBI with the same effective marginal tax rates, and vice versa I meant to follow […]
Worries about the future of work amid automation and a shortage of decent-paying jobs is spurring interest in so-called Universal Basic Income.
Why not a jobs program instead of universal basic income? Robert Rubin (no relation): “Though public jobs programs are associated with Democrats, Kevin Hassett, chairman of the Trump administration’s Council of Economic Advisers, recently backed the idea, creating the possibility of bipartisan support.... The universal basic income wouldn’t help people upgrade skills and […]
Why the U.S. Needs a Federal Jobs Program, Not Payouts | Robert Rubin: Robert Rubin, former Treasury secretary, makes the case for a jobs program instead of universal basic income: Instead of embracing a large-scale federal jobs program,...Show More Summary
“Not everything that is faced can be changed, but nothing can be changed until it is faced.” -James Baldwin Normally I like to talk about you making a higher salary, the Fight for 15, and other ideas to help you empower yourself in your career. However, today, I want to talk with you about something... [Keep Reading]
Stockton, California is expected to become the first US city to launch an experiment in universal basic income. For a period of three years, a select group of residents will receive $500 a month, no strings attached. Stockton Mayor Michael...Show More Summary
Why is the artist sort of implicating Cary Moon in this madness by associating her name with an event she wasn't involved in? by Rich Smith Reward: I will talk with you for a full hour about universal basic income if you just tell me who made these signs. Show More Summary
Expanding the Earned Income Tax Credit is a rare policy for helping the poor that’s supported on both the left and the right–and could be a step toward a universal basic income. The Earned Income Tax Credit (EITC) is widely considered the federal government’s most effective anti-poverty program. Show More Summary
Murad Hemmadi breaks down how universal basic income works and why governments are starting to test it out. The post Universal basic income, explained appeared first on Macleans.ca.
David Simon, creator of the popular HBO series "The Wire," and most recently "The Deuce," has voiced his support for a system of wealth distribution known as universal basic income, in which every citizen receives a regular sum of money...Show More Summary