Cicero
JF-Expert Member
- Jan 20, 2016
- 2,924
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WORK is one of society’s most important institutions. It is the main mechanism through which spending power is allocated. It provides people with meaning, structure and identity. Yet work is a less generous, and less certain, provider of these benefits than it once was. Since 2000 economic growth across the rich world has failed to generate decent pay increases for most workers. Now there is growing fear of a more fundamental threat to the world of work: the possibility that new technologies, from machine learning to driverless cars, will cause havoc to employment.
Such worries have revived interest in an old idea: the payment of a “universal basic income”, an unconditional government payment given to all citizens, as a supplement to or replacement for wages (see article). On June 5th Swiss citizens will decide in a referendum whether to require their government to adopt a basic income. Finland and the Netherlands are planning limited experiments in which some citizens are paid a monthly income of roughly €1,000 ($1,100). People from all points on the ideological spectrum, from trade unionists to libertarians, are supporters. It is an idea whose day may come. But not soon.
Source: The Economist.
Huku bongo, 2.4 million ni mshahara wa graduate engineer kama sijakosea. Kweli wenzetu wako mbali aisee.......yaani kwao hiyo ni basic income tu!
Such worries have revived interest in an old idea: the payment of a “universal basic income”, an unconditional government payment given to all citizens, as a supplement to or replacement for wages (see article). On June 5th Swiss citizens will decide in a referendum whether to require their government to adopt a basic income. Finland and the Netherlands are planning limited experiments in which some citizens are paid a monthly income of roughly €1,000 ($1,100). People from all points on the ideological spectrum, from trade unionists to libertarians, are supporters. It is an idea whose day may come. But not soon.
Source: The Economist.
Huku bongo, 2.4 million ni mshahara wa graduate engineer kama sijakosea. Kweli wenzetu wako mbali aisee.......yaani kwao hiyo ni basic income tu!
