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Steve Bosserman

Universal Basic Assets: A Smarter Fix Than Universal Basic Income? | Fast Forward | OZY - 0 views

  • For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling out cash. Instead, he advocates giving everyone assets like savings, education and homeownership, instituting a system of universal basic assets (UBA). And Friedman isn’t alone.
  • As cities and countries across the world experiment with the currently in-vogue idea of universal basic income (UBI), a small but growing number of scholars, nonprofits and researchers are beginning to argue for an alternative framework for prosperity. At its heart, they’re pushing for a 21st-century version of the age-old proverb that it’s better to teach a man how to fish than to simply give him fish. Just four years ago, UBA as a modern concept was unknown. Today, it’s emerging as a challenger to UBI as a means to the same goal: less income disparity and greater opportunities for all.
  • It’s an idea that has appeal on both sides of the political aisle. Liberals are drawn to UBA’s “provide for everyone” ethos, while libertarians see it as a reason to cut the “safety net” of government subsidies like welfare and unemployment, says Friedman. The bipartisan appeal comes from the notion that asset-building gives people more options, says C. Eugene Steuerle, former deputy assistant secretary of the U.S. Department of the Treasury for Tax Analysis under President Ronald Reagan and co-founder of the Urban-Brookings Tax Policy Center. ”UBA is a middle-of-the-road policy,” he says. “It’s an ideal compromise between left and right because it promotes mobility and opportunity, and less dependence on government.”
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  • At the Institute for the Future, Gorbis is convinced that assets are a critical determinant of an individual’s resources, especially with the rise of the gig economy where many don’t have access to benefits like health insurance and retirement savings. “When you look at data, a lot of inequality is deeper than income — it’s also about debt,” she says, adding, “for poor people, housing is the main asset.” That’s why Gorbis suggests UBA should start with access to housing, but also include access to public resources like transit. If you can take public transit, you don’t need to own a car, she says. When basic assets were first discussed, the crowning jewel was land — upon which the Homestead Act was based. Then, all eyes turned to jobs as the ultimate means of security. Today, Gorbis says, we should begin to look at data. Access to data — the internet, online education and resources — significantly affects socioeconomic status.
Steve Bosserman

For better AI, diversify the people building it - 0 views

  • Lyons announced the Partnership on AI’s first three working groups, which are dedicated to fair, transparent, and accountable AI; safety-critical AI; and AI, labor, and the economy. Each group will have a for-profit and nonprofit chair and aim to share its results as widely as possible. Lyons says these groups will be like a “union of concerned scientists.” “A big part of this is on us to really achieve inclusivity,” she says. Tess Posner, the executive director of AI4ALL, a nonprofit that runs summer programs teaching AI to students from underrepresented groups, showed why training a diverse group for the next generation of AI workers is essential. Currently, only 13 percent of AI companies have female CEOs, and less than 3 percent of tenure-track engineering faculty in the US are black. Yet an inclusive workforce may have more ideas and can spot problems with systems before they happen, and diversity can improve the bottom line. Posner pointed out a recent Intel report saying diversity could add $500 billion to the US economy.
  • “It’s good for business,” she says. These weren’t the first presentations at EmTech Digital by women with ideas on fixing AI. On Monday, Microsoft researcher Timnit Gebru presented examples of bias in current AI systems, and earlier on Tuesday Fast.ai cofounder Rachel Thomas talked about her company’s free deep-learning course and its effort to diversify the overall AI workforce. Even with the current problems achieving diversity, there are more women and people of color that could be brou
  • ght into the workforce.
Bill Fulkerson

Bill Gates, the Virus and the Quest to Vaccinate the World - The New York Times - 0 views

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    The billionaire is working with the W.H.O., drugmakers and nonprofits to defeat the coronavirus everywhere, including in the world's poorest nations. Can they do it?
Steve Bosserman

The Booming Industry Emerging From Louisiana's Vanishing Coast | Fast Forward | OZY - 0 views

  • According to a 2016 study by the nonprofit Greater New Orleans, this fledgling water workforce will grow by more than 20 percent over the next 10 years, creating more than 13,600 snazzy new titles like conservation technician, civil engineer and environmental scientist that pay an average of $69,277, well above the national average salary. “Louisiana is one of the first to turn the issue of climate change from an environmental one to an existential and economic one … through the cutting-edge jobs of the future,” claims Greater New Orleans’ executive vice president and chief operating officer Robin Barnes. Which is the city’s way of putting up a NOW HIRING billboard.
  • Meanwhile, troubled coastal cities around the world are taking note, says Bren Haase, head of planning for the Coastal Protection and Restoration Authority. With a playbook in place, Louisiana already boasts a 50-year, $50 billion plan to rebuild the state’s coasts, one that’s grounded in decades of data and science; it’s also being translated into several languages, including Vietnamese, Spanish and French, for other countries to reference. Flush with billions of dollars from the settlement in the catastrophic BP oil spill, the Coastal Master Plan could hold key clues for other places facing a similar fate in the future, says Haase, including flood-risk areas like New York, London, Singapore and Kiribati. Moreover, Louisiana’s coastal restoration sector is fueling high-tech projects like artificial oyster reef creation, advanced hydrologic modeling and geosynthetics, which will help shore up the state’s defenses against behemoth hurricanes and oil spills.
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