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Steve Bosserman

Falling through the gaps: insecure work and the social safety net | openDemocracy - 0 views

  • There is scope, in better delivery of work support, to challenge the atomisation and isolation of workers and the loss of social capital and networks of new working models. The precarity of insecure work needs to be addressed, rather than exacerbated, by the systems set up to support people through their working lives. In roles where working hours are flexible or unpredictable, the division between private and public lives can be complex. The interaction between the individual and the state needs to understand that complexity and support people to navigate through their working lives rather than leaving them without a compass or adequate map.
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    Rationale for a time-based economy...
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

Time Banking Within the Natural History of Debt « Volatility - 0 views

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    Time banking is a formal framework for organizing the true economy (everything devalued by the money/debt system, including what's written off as the "informal economy") along the lines of reciprocal gifting of work. It's especially versatile for the exchange of services, but can be used for goods as well with a version of the labor measure of value. Goods can be valued according to the time that goes into manufacturing them.   This framework is enfolded within the concept of co-production, which is a transitional concept between capitalism and full economic democracy. Time banking as a framework and time dollars as a measure are part of this transition to such consciousness of economic community and freedom that we can dispense with formal measurement completely and restore the wholesome primal system of social credit which originally preceded money for tens of thousands of years.
Steve Bosserman

Stephanie Rearick on Mutual Aid Networks and Local Solidarity - Commons Transition - 0 views

  • I really wanted to find out whether, if everyone did exactly what they wanted to do, would all the necessary work get done? And I guessed, yes it would, and lots of beautiful ‘unnecessary’ work too, and probably with much greater quality and care. And now I hope MANs help us test that out!
Steve Bosserman

A Call for Time-based Economics - Marijam Did - Medium - 1 views

  • The only thing that still holds us equal as humans is our available time to spend in this world — money can’t really buy that. There is a day / night cycle, we all need 8 hours of sleep etc, there cannot be a dramatic contrast between how much one person engages with certain products over the next person. Surely then, our economy should be based precisely on that.
  • In this model, statistics of usage would be recorded, money owed for electricity gets calculated in proportion as to what gadgets were used and therefore how much of it goes to the maker. Within certain devices there could be fractional sub-charges for the software used in them that would go straight to the developers and so on.For any individual, this allows them to find the perfect equilibrium in their working vs. leisure/care time as the more they work the less time/capital they have to spend for certain items and the other way around.
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.
Steve Bosserman

An Economy of Meaning - or Bust | naked capitalism - 0 views

  • A human has only so many minutes in life. Time is the bedrock scarcity. If a person isn’t doing something meaningful in a given moment, he’s doing something less than meaningful. He’s wasting at least some of his potential. By meaningful, I don’t mean productive, in an economic sense. I mean important to the person, to her own wellbeing.
  • In short, “good” economic systems would produce economies of meaning that help us to help one another live meaningful lives—to meet real needs and solve problems that matter.
  • Cities, big and small, are the legs upon which all national systems rest. Already cities and their communities are hubs for innovation. With some further encouragement and support, and the right tools and programs, they could become more resilient and robust, and bigger heroes in the coming great transition.
Steve Bosserman

California Federation of Time Banks - 0 views

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    The California Federation of Time Banks is a collaborative network committed to connecting, sharing information, and supporting the expansion of Time Banking in the state. From the largest cities to the smallest towns, we celebrate the many innovative ways time banking can address social issues and creatively fill the gaps by strengthening relationships in our neighborhoods. Based on the fundamental values of respect and reciprocity, we are a creative learning community that shares experiences, trades best practices and empowers each other to work for a healthy, sustainable future.
Steve Bosserman

The Time Based Economy - Amar SINGH Kaleka - Medium - 1 views

  • If it works, then why in the world are we not basing our whole economy on the finite construct of “time”? It would nearly be infallible, versus the legacy commodities model, which is full of holes and reject-able logic.A “time based economy” can be used with any nation state, group, or community based economics model. To make it simple, the value at the transaction would be time dollars in the form of a digital debit.
  • In the time based economy, each person enrolled, anywhere in the world would have an online account which is controlled by the debit card (not a citizenship card).
  • The time based economy primarily functions through the education, civics, and knowledge sector.
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  • This new education model would then become the basis of the global economy, like the base of a pyramid. During these years, and throughout their education, each child would pay for their own education through “time dollars”.
  • It would become the first global economy which standardizes and binds the economic trade of all market forces, known and unknown, to the only universal equality on this planet: time.
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