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Steve Bosserman

Why we should all have a basic income | World Economic Forum - 0 views

  • Possibly of more importance, what don’t you do
  • What’s incredibly expensive is not having basic income, and what really motivates people to work is, on one hand, not taking money away from them for working, and on the other hand, not actually about money at all.
  • The truth is that the costs of people having insufficient incomes are many and collectively massive. It burdens the healthcare system. It burdens the criminal justice system. It burdens the education system. It burdens would-be entrepreneurs, it burdens both productivity and consumer buying power and therefore entire economies. The total cost of all of these burdens well exceeds $1 trillion annually, and so the few hundred billion net additional cost of UBI pays for itself many times over. That’s the big-picture maths.
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  • Thus basic income does not introduce a disincentive to work. It removes the existing disincentive to work that conditional welfare creates.
  • UBI has the potential to better match workers to jobs, dramatically increase engagement, and even transform jobs themselves through the power UBI provides to refuse them
  • In the US, 70% of workers are not engaged or actively disengaged, the cost of which is a productivity loss of around $500 billion per year. Poor engagement is even associated with a disinclination to donate money, volunteer or help others. It measurably erodes social cohesion.
  • Perhaps best of all, the automation of low-demand jobs becomes further incentivized through the rising of wages. The work that people refuse to do for less than a machine would cost to do it becomes a job for machines. And thanks to those replaced workers having a basic income, they aren’t just left standing in the cold in the job market’s ongoing game of musical chairs. They are instead better enabled to find new work, paid or unpaid, full-time or part-time, that works best for them.
Steve Bosserman

Maslow's hierarchy of needs - Wikipedia - 0 views

  • Maslow's theory suggests that the most basic level of needs must be met before the individual will strongly desire (or focus motivation upon) the secondary or higher level needs. Maslow also coined the term "metamotivation" to describe the motivation of people who go beyond the scope of the basic needs and strive for constant betterment.[8]
Steve Bosserman

Are We Headed For 'Automated Luxury Communism'? - 0 views

  • This is the theory of ‘Fully Automated Luxury Communism’, an idea and ideology that in the (near) future, machines could provide for all our basic needs, and humans would be required to do very minimal work — perhaps as little as 10–12 hours a week — on quality control and similar oversight, to ensure luxury for everyone.
  • The trick, however, is subordinating the technology to global human needs rather than profits.
  • Putting modern technology to work for the people is an excellent goal, and democratizing the advantages of our advances is already happening.  It is a worthy cause to bring governments and nonprofit organizations onto the same technological footing as for-profit companies could result in huge strides towards improving living conditions, decreasing crime, ending poverty and other problems.
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