The Pieces Fit, “Debunking the Top 5 Myths About the Universal Basic Income”

SUMMARY: The article addresses the following common arguments against UBI:

1) Isn’t that Communism?
2) You can’t make up new rights!
3) If people get a basic income nobody would want to work anymore!
4) Employment is a voluntary exchange between consenting parties
5) Basic Income sounds great, but we can’t afford it.

The Pieces Fit, “Debunking the Top 5 Myths About the Universal Basic Income”, The Pieces Fit, 12th June 2014.

Debunking the top 5 Myths about the Universal Basic Income

Debunking the top 5 Myths about the Universal Basic Income

Federico Pistono, “Get ready, robots are going to steal your job.”

SUMMARY: This article argues that robots are replace a significant amount of human labor and concludes that government need to introduce new policies in response. “These can include tax reforms to provide a safety net for those who become unemployed, smaller government, programs to stimulate start-up innovation, sharing and open source and providing citizens with an unconditional basic income (a federal stipend guarantee).”

Federico Pistono, founder and CEO of the online learning start-up Esplori, is a computer scientist, activist and social entrepreneur. He is also the author of the book Robots Will Steal Your Job, But That’s OK: How to Survive the Economic Collapse and Be Happy.

Federico Pistono, “Get ready, robots are going to steal your job.CNBC, 9 Jun 2014.

CNBC

CNBC

John Aziz, “Could a robot do my job? Probably, but I'm still optimistic.”

John Aziz -TheWeek.com

John Aziz -TheWeek.com

SUMMARY: This article discusses technological unemployment and concludes optimistically, “If the economy is disemboweled by a lack of consumer spending, corporations fat off the self-perpetuating riches of automation and plentiful, cheap energy will likely be all too happy to support generous redistributive programs to support the spending of the hordes of out-of-work people, like a universal basic income.”

John Aziz, “Could a robot do my job? Probably, but I’m still optimistic.TheWeek, May 20, 2014.

Is it only a matter of time? (Thinkstock via TheWeek)

Is it only a matter of time? (Thinkstock via TheWeek)