Universal Basic Income

A curated mix of articles on universal basic income.

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Tuesday, Mar 24, 2020

People kept working, became healthier while on basic income: report

The report shows nearly three-quarters of respondents who were working when the pilot project began kept at it despite receiving basic income. That finding appears to contradict the criticism some levelled at the project, saying it would sap people’s motivation to stay in the workforce or seek employment.

Thursday, Sep 12, 2019

Why Universal Basic Income Is a Bad Idea

One should always be wary of simple solutions to complex problems, and universal basic income is no exception. The fact that this answer to automation and globalization has been met with such enthusiasm indicates a breakdown not in the economic system, but in democratic politics and civic life.

Monday, Apr 15, 2019

Finland’s Basic Income Experiment Shows Recipients Are Happier and More Secure

Unemployed people derive significant psychological benefits from receiving a fixed amount of financial support from the state, according to a landmark experiment into basic income in Finland that highlights the disadvantages of the country’s existing means-tested system.

Tuesday, Dec 12, 2017

Universal Basic Income Explained – Free Money for Everybody?

What is UBI? How would free money change our lives?

Thursday, Nov 9, 2017

After Universal Basic Income, The Flood

Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime. Wait, scratch that, he won’t eat for a lifetime. Automation took over and fished the metaphorical seas dry. Meanwhile, some bold tech leaders pipe up: “I have a brilliant idea. What if we just give everybody fish?”

Thursday, Jul 27, 2017

Is Guaranteed Income for All the Answer to Joblessness and Poverty?

Whereas UBI is traditionally seen as an antidote to widespread job loss, some of today’s proponents view it in a different, somewhat counterintuitive light as well: as a way to encourage self-sufficiency and innovation.

Thursday, Jun 15, 2017

Here’s what happened when Iran introduced a basic income

The report found no evidence for the idea that people will work less under a universal income, and found that in some cases, like in the service industry, people worked more, expanding their businesses or pursuing more satisfying lines of work.

Thursday, Mar 16, 2017

Basic income isn't just a nice idea. It's a birthright

A basic income could defeat the scarcity mindset, instil a sense of solidarity and even ease the anxieties that gave us Brexit and Trump.

Thursday, Mar 2, 2017

The Future of Not Working

As automation reduces the need for human labor, some Silicon Valley executives think a universal income will be the answer — and the beta test is happening in Kenya.

Monday, Jan 30, 2017

Why we should all have a basic income

Giving money to everyone for doing nothing? That sounds both incredibly expensive and a great way to encourage people to do nothing. Well, it may sound counter-intuitive, but the exact opposite is true on both accounts.

Wednesday, Jan 25, 2017

How Universal Basic Income Could Rescue The Freelance Economy

Paying everyone a small amount each month no matter what could make a big difference for freelancers and entrepreneurs.

Thursday, Jan 5, 2017

Free Cash in Finland. Must Be Jobless.

Finland will soon hand out cash to 2,000 jobless people, free of bureaucracy or limits on side earnings. The idea, universal basic income, is gaining traction worldwide.

Wednesday, Dec 14, 2016

Why the changing nature of work means we need a Universal Basic Income

We have a crisis of work. The secure, well-paid jobs of the past — many of them in manufacturing — are disappearing. What is replacing them is insecurity and uncertainty. Low-paid, part-time, temporary and seasonal work.

Tuesday, Nov 15, 2016

Musk: We need universal basic income because robots will take all the jobs

We may need to pay people just to live in an automated world, says space biz baron.

Monday, Oct 17, 2016

Basic income after automation? That's not how capitalism works!

The call for basic income in order to soften the effects of automation is hence not a call for greater economic justice. Our economy stays as it is; we simply extend the circle of those who are entitled to receive public benefits. If we want economic justice, then our starting point needs to be more radical: We need to reconsider our deeply ingrained belief that wages and proceeds today are (usually) deserved.

Thursday, Oct 6, 2016

As Our Jobs Are Automated, Some Say We'll Need A Guaranteed Basic Income

When we talk about the economy, we spend a lot of time talking about jobs — how to create more of them and how to replace the ones being lost. But what if we’re entering an automated future where there won’t be enough jobs for the people who need them? If this happens, how will people pay for food and shelter?

Wednesday, Sep 21, 2016

A revolutionary experiment in giving 6,000 people free money may run into a fatal problem

The idea of giving people free money is so radical, even some recipients think it’s too good to be true.

Wednesday, Jun 15, 2016

Switzerland's voters reject basic income plan

Swiss voters have overwhelmingly rejected a proposal to introduce a guaranteed basic income for all. Final results from Sunday’s referendum showed that nearly 77% opposed the plan, with only 23% backing it.

Friday, Apr 22, 2016

Is the World Ready for a Guaranteed Basic Income?

The gist: a lot of full-time jobs in the modern economy simply don’t pay a living wage. And even those jobs may be obliterated by new technologies. What’s to be done so that financially vulnerable people aren’t just crushed? It may finally be time for an idea that economists have promoted for decades: a guaranteed basic income.

Friday, Feb 19, 2016

We talked to five experts about what it would take to actually institute Universal Basic Income

Universal Basic Income (UBI) proposals are gaining in popularity across the political spectrum. The measures would see governments hand a set monthly income to every single citizen within a country, either in addition to existing benefits or in place of them (depending on the details of the particular UBI proposal).