Archive for November 10th, 2016

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Nov
16

universal basic income

Since I began depending on Social Security for my income, my dedication to youth justice issues has not exactly been diminished. My biggest challenge has been learning to live within my means, not the target of my efforts. If anything, going onto Social Security has freed me up to pursue what I believe is important to society, regardless of how well (or poorly) it pays.

I have lately been hearing more and more that all people of all ages should receive “Universal Basic Income” (also called unconditional basic income, Citizen’s Income, basic income guarantee, or universal basic income). It is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income they receive from elsewhere. In this definition, I emphasize the word “unconditional,” which means that a benefit would be paid, regardless of whether the recipients are TV-watching couch potatoes or stunningly productive entrepreneurs. You get paid for just being alive.

The arguments for Universal Basic Income generally boil down to three points:

(1) Eliminate and reduce poverty and inequality, with dignity and security for all;

(2) Save capitalism, as technology substitutes for human labor and reduces wage/purchasing power; and

(3) Encourage entrepreneurship, lifelong learning, creative and caring work. and civic engagement.

Universal Basic Income probably won’t happen in my lifetime because the idea is surely too morally reprehensible to the red tie guys and gals. They probably support the caste system in India, too. But then, they don’t have any better ideas than “some people deserve to suffer.”

I recently read this article about some things that Elon Musk said about Universal Basic Income. It deserves a hearing.

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Elon Musk: Robots will take your jobs, government will have to pay your wage

by Catherine Clifford, CNBC

November 4, 2016

Computers, intelligent machines, and robots seem like the workforce of the future. And as more and more jobs are replaced by technology, people will have less work to do and ultimately will be sustained by payments from the government, predicts Elon Musk, the iconic Silicon Valley futurist who is the founder and CEO of SolarCity, Tesla, and SpaceX.

According to Musk, there really won’t be any other options.

“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation,” says Musk to CNBC. “Yeah, I am not sure what else one would do. I think that is what would happen.”

In a country with universal basic income, each individual gets a regular check from the government. Switzerland considered instituting a universal basic income of 2,500 Swiss francs ($2578) a month this summer. Voters ultimately rejected the plan, but it sparked a broad, global conversation.

Also this summer, President Obama addressed the idea of a universal basic income in an interview with the Director of MIT’s Media Lab, Joi Ito, and Scott Dadich, editor in chief of WIRED: “Whether a universal income is the right model—is it gonna be accepted by a broad base of people? that’s a debate that we’ll be having over the next 10 or 20 years.”

While society is slowly mulling over the idea of a basic human income, technology is rapidly changing the global workforce.

For example, in the future, semi-trailer trucks will be able to drive themselves. And though that won’t become the status quo for a while, it will mean that there won’t be a need for quite as many truck drivers, says Musk.

Some drivers will transition to fleet operators, responsible for monitoring the status of a fleet of trucks, not any one individual truck. If a truck appears to be having issues, then the fleet operator would come in remotely and solve the problem.

“Actually, it’s probably a more interesting job than just driving one [truck],” says Musk.

It’s likely those truck drivers who no longer have a job might see the situation differently.

But the optimistic Musk sees increased automation as an overall benefit to society, even an opportunity.

“People will have time to do other things, more complex things, more interesting things,” says Musk. “Certainly more leisure time.”

A long horizon of leisure time may sound good, but it can also be an intimating prospect. For many, having a job and someplace to be each day is grounding and gives purpose to life.

Indeed, Musk himself is driven by his professional ambitions. He hasn’t needed to work to pay his bills for well over a decade. In 2002, Musk sold PayPal, the online payments company he co-founded, to eBay in a deal that put $165 million in his pocket. Instead of kicking back, he has launched multiple companies and is trying to get to Mars.

Even though Musk’s ambition may be more outsized than most, many Americans would probably also want to continue doing some kind of work. Binge watching Netflix is only enjoyable for so long.
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Cat Clifford is the senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN.
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Listen to Hozier performing “Work Song”

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