Category Archives: Basic Income

Elon Musk: Basic Income is required in response to new technologies

Tech innovators in the self-driving car and AI industries talk a lot about how many human jobs will be innovated out of existence, but they rarely explain what will happen to all those newly jobless humans. As usual, Tesla and SpaceX founder Elon Musk responds to an obvious question with an answer that may surprise some.

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RT: 64% of Europeans support Basic Income

RT: Most Europeans support the idea of a “basic income” paid to every individual to cover their basic needs, according to the first EU-wide survey on the subject. Governments would pay the same amount of money to each person, regardless of whether they work.

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Canada to start BIG experiment

The province of Ontario, we learn this week, is set to become the first region of the country to test a “basic income”, a social support system that does away with means-tested welfare and replaces it with a single, universal payment that every citizen is entitled to. It is the ultimate leveller – and, as such, is the latest fad in leftish circles. And, apparently, Trudeau and his party are interested in extending this idea further.

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Finland Considers Basic Income Guarantee

BBC – The Finnish government is considering a pilot project that would see the state pay people a basic income regardless of whether they work.

The details of how much the basic income might be and who would be eligible for it are yet to be announced, but already there is widespread interest in how it might work.

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The End of Work

Zero Hedge: Many activists are clamoring for a higher minimum wage. That’s an admirable goal, but is that where the worst problem is? Even at the abysmally low wages of the present moment, we still have 938,000 people being turned away from McDonald’s because there aren’t enough McJobs. The real problem is the lack of meaningful work.In a world of machines and social alienation, meaningful work is as scarce as water in the drought-stricken California Central Valley.

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More than 1/2 of US Schoolchildren Live In Poverty

Huff Post: Overall, 51 percent of U.S. schoolchildren came from low-income households in 2013, according to the foundation, which analyzed data from National Center for Education Statistics on students eligible for free or reduced-price lunches. Eligibility for free or subsidized lunch for students from low-income households serves as a proxy for gauging poverty, says the foundation, which advocates education equity for students in the South.

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Behind the Struggle to Increase the Minimum Wage

The New York Times – WASHINGTON — Just four blocks from the White House is the headquarters of the Employment Policies Institute, a widely quoted economic research center whose academic reports have repeatedly warned that increasing the minimum wage could be harmful, increasing poverty and unemployment.

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Swiss to Vote on Basic Income Guarantee

(Reuters) – Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

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Cyprus: Minimum Income Guarantee

PRESIDENT NICOS Anastasiades yesterday announced the complete reform of social policy based on the principle of securing a Guaranteed Minimum Income for all citizens, financed in large part by eliminating non-targeted allowances.

The general principle of this new “revolutionary reform”, as he called it, is to guarantee that all citizens have an income sufficient to live on, provided they meet certain conditions.

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Elizabeth Warren: Minimum Wage Should Be $22 An Hour

Sen. Elizabeth Warren (D-Mass.) made a case for increasing the minimum wage last week during a Senate Committee on Health, Education, Labor and Pensions hearing, in which she cited a study that suggested the federal minimum wage would have stood at nearly $22 an hour today if it had kept up with increased rates in worker productivity.

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