one income for all farfetched or future fact with technologydriven changes
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

One income for all: far-fetched, or future fact with technology-driven changes?

Egypt Today, egypt today

Egypt Today, egypt today One income for all: far-fetched, or future fact with technology-driven changes?

As technology-driven changes like Honda's robot 'Ashimo'
Paris - AFP

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."

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

one income for all farfetched or future fact with technologydriven changes one income for all farfetched or future fact with technologydriven changes



GMT 15:24 2017 Thursday ,21 September

S.Korea leader urges easing of tensions to avoid war

GMT 21:42 2011 Wednesday ,04 May

EU pushes button for next Internet age

GMT 11:55 2017 Sunday ,10 December

Lebanon PM slams Iraq militia head visit

GMT 00:43 2011 Tuesday ,08 March

Facebook, Google Gives Information Junk Food

GMT 12:19 2018 Monday ,01 January

Bombardier wins an order from EgyptAir

GMT 12:01 2017 Tuesday ,21 February

Sri Lankan 'Eddie the Eagle' takes snowboarding plunge

GMT 05:06 2012 Monday ,06 February

Ziena Hallaq: Syrians need civil disobedience

GMT 15:12 2013 Friday ,11 January

German unions urge E.on employees to go on strike

GMT 15:13 2014 Thursday ,13 November

Hungarian artists perform dance of drama 'Antigone'

GMT 13:59 2017 Wednesday ,20 December

Immigration minister holds talks with Cypriot counterpart

GMT 05:28 2012 Saturday ,11 February

The Russian Initiative and its Turkish Predecessor

GMT 07:14 2017 Tuesday ,14 March

Sidonie G Communications

GMT 04:04 2017 Tuesday ,25 April

Saif bin Zayed launches 4th Annual Conference

GMT 12:15 2017 Tuesday ,24 October

Angola's 'kizomba' dance mesmerises the world

GMT 07:30 2017 Thursday ,07 December

IMF warns on brewing risks in China's financial system

GMT 11:33 2018 Tuesday ,11 December

Top EU court backs legality of ECB bond buying

GMT 16:54 2018 Friday ,16 November

Police in Myanmar arrest more than 100 people on boat
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday