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Strategies & Market Trends : Universal basic income (UBI) -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (146)	12/5/2017 11:51:26 PM
From: Glenn Petersen	Respond to of 455

As usual, Mr. Dylan is right. It will be a slow train....and a messy political discussion. Unfortunately. A political discussion without statistically valid data to argue about. The next recession will only accelerate the adoption of robotics and AI. Interest in a UBI will be a hot topic in certain quarters. We should be running large scale pilot programs now. As a society we have already made the decision to provide a safety net. Why not male it a smart net. Eliminate the paternalistic elements and provide people with incentives to work. The Swiss UBI proposal only received 23% of the vote: On February 16, 2017, The Chicago Council of Global Affairs held a conference on basic income. The primary participant was Enno Schmidt, the Swiss activist who was responsible for Switzerland's national referendum on the topic in June 2016. The proposal only received 23% of the vote. One of the issues addressed by Mr. Schmidt was the potential inflationary impact of an unconditional basic income. While Mr. Schmidt does acknowledge that it would have an inflationary impact, he also believes that the impact would be mitigated by a (downward) renegotiation of wages between employers and employees (who now have their basic needs covered). He also notes that the employers who need to staff "dirty jobs," those jobs that no one wants to fill, would probably have to offer higher wages to get those jobs filled. Message 31189140