There's something about unpaid work that I've never actually seen discussed, and that's the cost of the work that's paid...
The future of education and work
For more than a century, we've been creating an industrial workforce of human automatons, built for the purpose of performing routine labor not yet doable by machines. And we've been operating with the mindset that we should teach students the same way we program actual machines. In the 20th century, schooling became a process of . . .
How not to meet humanity's basic needs in our automated future
The Expanse is a series of science fiction novels that is also now a TV series with two seasons available to watch so far. In this universe, in the not too distant future, humanity has moved beyond Earth to extend its reach throughout the entire solar system. Mars is an independent military power, asteroids and various moons throughout the . . .
Posted in: technological unemployment
First, saying basic income is socialism is as absurd as saying money is socialism. It's money. It's all it is. What do people do with money? They use it in markets. In other words, basic income is fuel for markets. Markets are a wonderful invention that serve to calculate via a massively distributed computer comprised of people, what . . .
The consequences of our lack of basic income
For those unfamiliar, the above proverb describes the massive consequences that can result from seemingly unimportant items or lack thereof.
I now wish to fashion a new variation of this proverb...
For want of a dollar the bus ride was lost.
For want of a bus ride the job was lost.
For want of a job the paycheck was lost.
For want of a . . .
Why every estimate of UBI that simply multiplies the number of recipients by the amount received is simply wrong
Imagine a group of 5 people. They have an income distribution of $10, $20, $30, $50, and $100. Someone gets the BIG idea of everyone putting 40% of their money into a hat, and dividing the result equitably between everyone.
That means $4, $8, $12, $20, and $40 goes into the hat. That's $84 which when divided by 5 is $16.80.
Another way of . . .
Posted in: cost
How to recognize when an anti-UBI title is "fake news"
The OECD recently published a report on basic income as a policy option for the future of work. It concluded that universal basic income would require large tax increases to avoid increasing poverty. Others have since picked up on the report with headlines like, "Universal basic income would fail to cut poverty, says OECD" which . . .