Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

Just because something doesn’t do what you planned it to do doesn’t mean it’s useless.

 

Thomas Edison

Universal basic income: U.S. support grows as Finland ends its trial

RATE THIS! +5
Posted in Business on 3rd May, 2018 01:36 PM by Alex Muller

Economist Karl Widerquist remembers a poll from 10 years ago that showed just 12 percent of Americans approved of a universal basic income. That's changed, and quickly. Today, 48 percent of Americans support it, according to a recent Northeastern University/Gallup survey of more than 3,000 U.S. adults.

 

The survey looked at universal basic income as a solution for Americans who have lost jobs to automation.

 

"It represents an enormous increase in support," said Widerquist, an associate professor at Georgetown University in Qatar and an advocate for a universal basic income. "It's really promising."

 

Proposals for universal basic income programs vary, but the most common one is a system in which the federal government sends out regular checks to everyone, regardless of their earnings or employment.

 

Pilots programs are underway in Canada and rural Kenya. India, with a population of more than 1.3 billion residents, is considering establishing a universal basic income as well. Finland's trial with a universal basic income, in which payments were given to 2,000 unemployed people, will come to an end this year.

 

Y Combinator Research, based in Oakland, California, started a test of a basic income last year and is raising funds to expand the research project. This year, in Stockton, California, Mayor Michael Tubbs' Stockton Economic Empowerment Demonstration will give several dozen low-income families $500 each month in a study of basic income. Alaska residents have each received a payment annually for decades from the Alaska Permanent Fund, which has ranged from around $330 to more than $2,000.

 

These examples are an opportunity to refute many of the myths about a universal basic income, said Guy Standing, co-founder of the Basic Income Earth Network. He recently spoke at the World Economic Forum in Davos, Switzerland, on the subject.

 

"The claim is often made that if you give people a basic income, they'll become lazy and stop doing work," Standing said. "It's an insult to the human condition.

 

"Basic incomes tend to increase people's work rather than reduce it."

 

That's because research has shown that a basic income can improve people's mental and physical health, Standing said, as well as encourage them to pursue employment for reasons more meaningful than just a need to put food on the table.

 

Rising income inequality and its effects have triggered a "perfect storm" for basic income, Standing said.

 

"People are saying, 'Look we cannot let inequality continue to grow, because the political consequences could be a disaster'," Standing said, pointing to the recent rise of more authoritarian figures.


Tags: USeconomybusinessfuturebasic incomeeconomics

Read original article » Back to category

Comments



 

Recent headlines

  • Posted in Online on 2018-05-27 15:31:10
    SpaceX’s prototype internet satellites are good enough.....read more
    Posted in Medicine on 2018-05-27 15:24:22
    Drug Discovery Accelerated By Using Deep Neural Networks..read more
    Posted in Software on 2018-05-26 01:48:47
    From Here to Human-Level AGI in Four Simple Steps.....read more
    Posted in Science on 2018-05-26 01:41:34
    Research Team Builds a Brain Model Neuron By Neuron..read more
    Posted in Hardware on 2018-05-24 04:45:19
    30% Efficiency Solar Cell..read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    In five years quantum computing will be mainstream..read more
    Posted by AlexMuller
    Google partners with Johnson and Johnson to make lower cost.....read more
    Posted by AlexMuller
    Electron holography microscope with spatial resolution down to.....read more
    Posted by AlexMuller
    Lower cost advanced Nuclear power could dominate future US energy..read more
    Posted by AlexMuller
    Why Hasn’t AI Mastered Language Translation?..read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me