Tag Archives: technological unemployment

John Russo: “Universal Basic Income: a “social vaccine” for technological displacement?”

In the 1970s and 80s, as tens of thousands of American industrial workers were losing their jobs as corporations moved their factories in search of cheaper labor, economists argued that this was part of a process of “creative destruction” that would ultimately bring new opportunities. In reality, the working class never fully recovered. The same pattern is being repeated today

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ARGENTINA: The future of employment and basic income: at the IDEA Annual Conference

Santiago Bilinkis, at The Future of Employment IDEA Annual Conference   Although the event happened on the 22nd of October 2015, it is still relevant to take note of Santiago Bilinkis‘ presentation on technological innovation and its effect on the work market. According to Bilinkis, an economist specialized in technological issues and consequences for society, there is considerable denial in

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VIDEO: The case for Universal Basic Income

Barb Jacobson and David Jenkins of Basic Income UK spoke at a meeting of the London Futurists at Birkbeck College in February 2015. The speakers present the case for a universal basic income as a response to societal changes such as increasing automation and technological unemployment, and answer questions about the pros and cons of a UBI. From the event

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Jack Smith, “Even Big Banks Think Robot Automation Will Lead to Further Income Inequality”

A report (pdf) by Bank of America Merrill Lynch predicts that unemployment due to technological innovation could eliminate nearly half of all jobs in the United States. This will further exacerbate income inequality, as the potential $7 trillion in new wealth from technology will likely be exclusively controlled by powerful individuals. The report worries that this will lead to monopolization

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George Dvorsky, “How Universal Basic Income Will Save Us From the Robot Uprising.”

[Toru Yamamori] In his post, Dvorsky argues that technological unemployment has been increasing and inevitable, and that it makes a basic income absolutely inevitable for a bright future. George Dvorsky, “How Universal Basic Income Will Save Us From the Robot Uprising.” io9:We Come From The Future, November 4, 2014.

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