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Universal Income
ÁdamDevis
#1 Posted : Monday, July 02, 2018 2:45:20 PM
Rank: Hello


Joined: 7/2/2018
Posts: 1
Location: Canada
So the big boys in the tech world are feeling the need for a solution for the huge job losses already experienced and which will be experienced due to technological changes: IoT, robots etc

They now are testing the impact pf giving people money for no services rendered. You get paid because some robot took away a job that could have been yours

Kenya is part of the testing grounds

Quote:
Then he laid out the particulars. “Every registered person will receive 2,280 shillings” — about $22 — “each and every month. You hear me?” The audience gasped and burst into wild applause. “Every person we register here will receive the money, I said — 2,280 shillings! Every month. This money, you will get for the next 12 years. How many years?”

“Twelve years!”

Just like that, with peals of ululation and children breaking into dance in front of the strangers, the whole village was lifted out of extreme poverty. (I have agreed to withhold its name out of concern for the villagers’ safety.) The nonprofit is in the process of registering roughly 40 more villages with a total of 6,000 adult residents, giving those people a guaranteed, 12-year-long, poverty-ending income. An additional 80 villages, with 11,500 residents all together, will receive a two-year basic income. With this initiative, GiveDirectly — with an office in New York and funded in no small part by Silicon Valley — is starting the world’s first true test of a universal basic income. The idea is perhaps most in vogue in chilly, left-leaning places, among them Canada, Finland, the Netherlands and Scotland. But many economists think it might have the most promise in places with poorer populations, like India and sub-Saharan Africa.

GiveDirectly wants to show the world that a basic income is a cheap, scalable way to aid the poorest people on the planet. “We have the resources to eliminate extreme poverty this year,” Michael Faye, a founder of GiveDirectly, told me. But these resources are often misallocated or wasted. His nonprofit wants to upend incumbent charities, offering major donors a platform to push money to the world’s neediest immediately and practically without cost.
tycho
#2 Posted : Monday, July 02, 2018 3:18:06 PM
Rank: Elder


Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
One concern I have is that of 'sustainability'.

If the people receiving the money are primarily 'consumers' then how will prices be affected?

Could inflation take away any gains made, for example?
kayhara
#3 Posted : Monday, July 02, 2018 3:28:19 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,059
Well Babayao is giving free cash to walevi of kiambu, but my question is how giving money for no work will eliminate poverty, the results from the study already show that 99% of the participants are worse of than they were why.
Most just use the cash to bet on sportpesa
Some buy tamutamu like mandazi, that day they eat meat.
Some of course drink the amount over the weekend.
Some take debt of say 80% of the expected amount and pay up when paid.
No one has used the amount given to start any form of business
But if people were responsible the 2,200/- is enough to live a decent life in the village
To Each His Own
tycho
#4 Posted : Monday, July 02, 2018 3:41:15 PM
Rank: Elder


Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
Freedom and wealth are related.

Many are poor because social and legal systems are skewed against them.

So, does the idea of 'universal income' go far enough?

I'd imagine that this is a way of the rich to maintain the status quo given the imminent dangers of rising inequality.
Swenani
#5 Posted : Monday, July 02, 2018 4:50:09 PM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
ÁdamDevis wrote:
So the big boys in the tech world are feeling the need for a solution for the huge job losses already experienced and which will be experienced due to technological changes: IoT, robots etc

They now are testing the impact pf giving people money for no services rendered. You get paid because some robot took away a job that could have been yours

Kenya is part of the testing grounds

Quote:
Then he laid out the particulars. “Every registered person will receive 2,280 shillings” — about $22 — “each and every month. You hear me?” The audience gasped and burst into wild applause. “Every person we register here will receive the money, I said — 2,280 shillings! Every month. This money, you will get for the next 12 years. How many years?”

“Twelve years!”

Just like that, with peals of ululation and children breaking into dance in front of the strangers, the whole village was lifted out of extreme poverty. (I have agreed to withhold its name out of concern for the villagers’ safety.) The nonprofit is in the process of registering roughly 40 more villages with a total of 6,000 adult residents, giving those people a guaranteed, 12-year-long, poverty-ending income. An additional 80 villages, with 11,500 residents all together, will receive a two-year basic income. With this initiative, GiveDirectly — with an office in New York and funded in no small part by Silicon Valley — is starting the world’s first true test of a universal basic income. The idea is perhaps most in vogue in chilly, left-leaning places, among them Canada, Finland, the Netherlands and Scotland. But many economists think it might have the most promise in places with poorer populations, like India and sub-Saharan Africa.

GiveDirectly wants to show the world that a basic income is a cheap, scalable way to aid the poorest people on the planet. “We have the resources to eliminate extreme poverty this year,” Michael Faye, a founder of GiveDirectly, told me. But these resources are often misallocated or wasted. His nonprofit wants to upend incumbent charities, offering major donors a platform to push money to the world’s neediest immediately and practically without cost.


Adamdevis=Laughing out loudly

[quote=Lolest!]So the big boys in the tech world are feeling the need for a solution for the huge job losses already experienced and which will be experienced due to technological changes: IoT, robots etc

They now are testing the impact pf giving people money for no services rendered. You get paid because some robot took away a job that could have been yours

Kenya is part of the testing grounds

Quote:
Then he laid out the particulars. “Every registered person will receive 2,280 shillings” — about $22 — “each and every month. You hear me?” The audience gasped and burst into wild applause. “Every person we register here will receive the money, I said — 2,280 shillings! Every month. This money, you will get for the next 12 years. How many years?”

“Twelve years!”

Just like that, with peals of ululation and children breaking into dance in front of the strangers, the whole village was lifted out of extreme poverty. (I have agreed to withhold its name out of concern for the villagers’ safety.) The nonprofit is in the process of registering roughly 40 more villages with a total of 6,000 adult residents, giving those people a guaranteed, 12-year-long, poverty-ending income. An additional 80 villages, with 11,500 residents all together, will receive a two-year basic income. With this initiative, GiveDirectly — with an office in New York and funded in no small part by Silicon Valley — is starting the world’s first true test of a universal basic income. The idea is perhaps most in vogue in chilly, left-leaning places, among them Canada, Finland, the Netherlands and Scotland. But many economists think it might have the most promise in places with poorer populations, like India and sub-Saharan Africa.

GiveDirectly wants to show the world that a basic income is a cheap, scalable way to aid the poorest people on the planet. “We have the resources to eliminate extreme poverty this year,” Michael Faye, a founder of GiveDirectly, told me. But these resources are often misallocated or wasted. His nonprofit wants to upend incumbent charities, offering major donors a platform to push money to the world’s neediest immediately and practically without cost.

https://www.nytimes.com/...-global-inequality.html[/quote]

If Obiero did it, Who Am I?
gorgeouspit
#6 Posted : Tuesday, July 03, 2018 5:15:23 PM
Rank: Hello


Joined: 7/3/2018
Posts: 1
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