Cities in Scotland to start universal basic income trials

December 27, 2017 by  
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Select residents of  Glasgow , Edinburgh, Fife, and North Ayrshire will soon begin receiving unconditional monthly payments as part of a Scottish universal basic income experiment. Universal basic income (UBI) is a policy that offers direct unconditional income for all citizens to ensure that everyone benefits from a basic standard of living. UBI is currently being tested in Scotland, as well as countries like Canada and Finland, and has attracted £250,000 (~$334,500) in public funding for feasibility studies. The selected cities must submit their plans for locally implementing the basic income program by March 2018. Proponents of a basic income claim that it will be necessary to implement UBI in some form in order to compensate for the major economic disruption and potential job losses from increasing automation due to advanced artificial intelligence . While the idea is still controversial, it is being increasingly taken seriously in cities and countries around the world. “It might turn out not to be the answer, it might turn out not to be feasible,” said Scotland ‘s First Minister Nicola Sturgeon. “But as work changes as rapidly as it is doing, I think its really important that we are prepared to be open-minded about the different ways that we can support individuals to participate fully in the new economy.” Related: Wind power supplied 124% of household electricity needs in Scotland from January through June Scotland is not alone in its endeavor to understand how UBI might feasibly function. California , the Netherlands, Ontario, India, Italy, and Uganda all took steps in 2017 towards someday being able to implement a UBI system. In California, this work is being supported by companies like Y Combinator, Silicon Valley’s largest start-up accelerator. “In a world where technology eliminates jobs, it will mean that the cost of having a great life goes down a lot,” tweeted Sam Altman, president at Y Combinator. “But without something like basic income, I don’t think we can really have equality of opportunity.” Via ScienceAlert Images via Depositphotos (1)

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Cities in Scotland to start universal basic income trials

Elon Musk says well need a universal basic income when all jobs are automated

November 8, 2016 by  
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In a recent interview with CNBC , SpaceX and Tesla CEO Elon Musk discussed the future of work, where many of us may not have jobs at all. As more and more positions become automated by software or robots, Musk says, world governments will eventually have to step up: “There is a pretty good chance we end up with a universal basic income, or something like that, due to automation. Yeah, I am not sure what else one would do. I think that is what would happen.” The idea of a universal basic income is not new. Earlier this year, Swiss voters were asked whether or not all citizens should receive 2,500 Swiss francs ($2,578 US) per month. Ultimately, the plan was rejected at the ballot box, but the fact that it was brought to a national level has many considering the idea. Finland, for instance, is already gearing up to test a universal basic income experiment involving 8,000 people. The sum these citizens could receive is far shy of what was proposed in Switzerland – only 800 Euros per month – and during the trial period the amount will be even lower. A similar test in planned for the Dutch city of Utrecht in 2017 will provide 250 residents with a flat sum of 960 Euros monthly. While the idea is gaining traction in Europe, American politicians have been more cautious. President Obama addressed the idea in an interview this summer, saying it was a debate that would be had “over the next 10 or 20 years.” Related: 20 Dutch cities plan to roll out guaranteed basic income for residents in 2016 While it’s easy to get swept up into a sense of doom and gloom at the idea of robots stealing our jobs, Musk goes on to elaborate in the interview that there are benefits to this type of increased automation: “People will have time to do other things, more complex things, more interesting things. Certainly more leisure time.” Though tech CEOs like Musk may see complete automation as the ultimate outcome of their work, others disagree. Blogger Eve Peyser at Gizmodo writes, “Sure, jobs will become obsolete, but we can utilize the technology we invent to create new jobs. Especially in the United States, we define ourselves by our labor; your labor and its fruits determine every aspect of your identity.” In the end, it’s impossible to say exactly what the workforce of the future will look like, or what it will mean. For now, anyway. Via Gizmodo Images via 401(K) 2012 and OnInnovation  

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Elon Musk says well need a universal basic income when all jobs are automated

Canada is planning to give people free money just for being citizens

March 9, 2016 by  
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Officials from the Canadian province of Ontario just announced plans to implement a universal basic income experiment in which residents of Ontario would be provided with unconditional cash payments just for being citizens. While details remain sparse, the finance ministry of Ontario has released a report that confirms the province’s plans to pursue a basic income policy. In a budget statement, the provincial government said that “as Ontario’s economy grows, the government remains committed to leaving no one behind.” As advancing automation and income inequality squeeze working people in Ontario and elsewhere, a basic income could provide stability on which to build a better life. Read the rest of Canada is planning to give people free money just for being citizens

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Canada is planning to give people free money just for being citizens

Finland prepares universal basic income experiment

November 3, 2015 by  
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Pack a heavy coat, folks, we’re going to Finland. The Finnish Social Insurance Institution , also known as Kela, has begun work on a proposal that would guarantee a basic income to every citizen of the small Nordic nation. This system of a universal state-facilitated payment delivered to every Finnish person would transform the state’s welfare system and potentially provide a blueprint for other countries looking to build a different kind of economy. Read the rest of Finland prepares universal basic income experiment

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Finland prepares universal basic income experiment

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