. Military Space News .
TRADE WARS
One income for all: far-fetched, or future fact?
By Jitendra JOSHI
Paris (AFP) Feb 1, 2017


It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?

Enter the concept of a "universal basic income", a flat sum paid to all regardless of your existing wealth or ability to work. It is one of the rare ideas that has support from both the libertarian right -- which favours tearing up the welfare state -- and the left wing.

In France, Benoit Hamon has emerged as the surprise Socialist candidate for April's presidential election first round, on a radical programme that includes such an income -- to be funded in part by a new tax on industrial robots.

National or local governments in other countries such as Finland, the Netherlands, Canada, Scotland and Brazil are already evaluating how such a revenue might work in practice.

Finland is furthest down the road. On January 1 it started a two-year trial to give 2,000 unemployed Finns a monthly unconditional payment of 560 euros ($590).

At the least, advocates argue, a basic income could replace the thicket of unemployment benefits currently on offer in many advanced economies. Those can, perversely, discourage people from retraining in new fields or taking on lower paid work that society needs, such as care for the elderly.

- Less is More -

At its most ambitious, the proponents say, it would give everyone a safety net and encourage new modes of thinking: work might no longer define our lives and instead we might find productive existences in volunteering for the greater good, or in the creative arts.

"There's a whole new suite of technologies coming on stream and people will need to adapt somehow," said Anthony Painter, director of the Action and Research Centre at the Royal Society of Arts in London, which in December released a research paper after a year-long study into the idea.

"The basic income just gives them a fighting chance," he told AFP, stressing the more immediate benefits that would come from redrawing the existing tangle of support for the jobless.

If mass unemployment and fears of technology are modern trends, the concept of a universal income goes back centuries.

In his 1516 book "Utopia", English philosopher and statesman Thomas More imagined an ideal republic where private property is abolished and all receive a basic stipend.

It is a pre-industrial society, of course, where agriculture is the foundation of the economy and people's needs are basic.

Things are more complicated today.

- Who pays? -

A December study by OFCE, an economics think tank linked to the Sciences Po university in Paris, said that to ensure nobody loses out from the elimination of existing benefits, a universal income for French adults would need to start at 785 euros per month.

That is a little over what Hamon is proposing -- although pollsters give him little chance in the election given the dismal standing of the Socialist party under the departing president, Francois Hollande.

OFCE found that that level would translate into supplemental spending of 480 billion euros, or an extra 22 percentage points of French GDP -- "which is unrealistic in practice".

There are also philosophical objections. In June, Swiss voters rejected a proposed universal income in a referendum after critics slammed the idea as rewarding the lazy and the feckless.

"If a large number of people choose not to work, or to work less, where will the money come from to finance their income?" commented Charles Wyplosz, economics professor at the Geneva Graduate Institute.

But evangelists argue there will be plenty of scope to innovate tax-gathering in the new economy, and say our current regimes for welfare are ridden with inefficiencies that could, with a radical overhaul, free up money for the proposed stipend.

"As new technologies replace work, the question for the future is how best to provide economic security for all," economist and former US labor secretary Robert Reich wrote in a blog post.

"A universal basic income will almost certainly be part of the answer."


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
China factory activity stabilises in January
Beijing (AFP) Feb 1, 2017
Chinese factory activity expanded last month, data showed Wednesday, the latest indication that the world's second largest economy is stabilising but analysts warned of headwinds caused by emerging US protectionism. The crucial manufacturing sector has for years been struggling in the face of sagging world demand for Chinese products and excess industrial capacity left over from the country' ... read more


TRADE WARS
S. Korea, US defence chiefs back anti-missile system

New tests for David's Sling weapon system

Russia restores radar field securing all-round defense against missile attacks

Moscow's air defense registered a dozen missile launches in 2016

TRADE WARS
White House 'aware' of Iran missile test

Pakistan test-fires long-range Ababeel missile

EU court rejects Russian missile-maker sanctions appeal

Raytheon wins $235 million SM-6 production contract

TRADE WARS
New SkyGuardian variant of Predator B drone announced

Germany extends Heron drone lease contract

AUDS counter-UAV system achieves TRL-9 status

GenDyn offers Bluefin SandShark mini-drone for sale online

TRADE WARS
Flat-panel SATCOM for civilian-armored vehicles

Japan launches satellite to modernise military communications

Phasor teams with Thales to develop advanced broadband Smart Terminal

Airbus to supply French satellite communication systems

TRADE WARS
U.S. Army tests Stryker with 30mm cannon

Rheinmetall, Steyr Mannlicher announce new assault rifle

BAE Systems producing howitzers for India

Pentagon chief holds fast against torture

TRADE WARS
Egypt's military to form pharmaceutical company

Canada sidelines a top admiral amid reports of leaks

Rolls-Royce to pay 671 pounds million in bribery settlement

Leonardo forms new U.K. company, consolidates businesses

TRADE WARS
NATO says Montenegro membership to send 'clear signal'

Trump, Merkel agree on NATO's 'fundamental importance'

Mattis assures European counterparts over NATO

Cock of the walk: Trump to thrive in Year of the Rooster

TRADE WARS
Scientists determine precise 3-D location 23,000 atoms in a nanoparticle

NIST updates 'sweet' 1950s separation method to clean nanoparticles from organisms

Nanocavity and atomically thin materials advance tech for chip-scale light sources

Ultra-precise chip-scale sensor detects unprecedentedly small changes at the nanoscale









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.