by BIEN | Jan 31, 2017 | News
Credit to Business Insider
According to Chris Weller from Business Insider, Sam Altman, President of Y Combinator (the largest startup accelerator in Silicon Valley), recently voiced some of his doubts regarding people replacing their current work with other meaningful work or activities if given a basic income.
Weller reports Altman puts faith in the provision of free money to make people both healthier and happier, but isn’t betting everything on it.
According to Weller, Altman, and other Y Combinator researchers, will implement an experiment in 2017, located in Oakland, California. It will give 100 families $2,000 per month. It is to test whether free, regular money helps “people escape poverty and live healthier lives,” Weller explains.
According to Weller, experiments, in Kenya and Honduras, show this; both are underdeveloped countries. Some see work for work’s sake as an intrinsic value. Well suggests separation of work from income might not sit well with those people, but might if presented as freedom from hated work.
“Citizens could finally do the work that matters most to them rather than the work that pays the best.” Weller argued.
Read the full article here:
Chris Weller, “One of the biggest VCs in Silicon Valley explains how basic income could fail in America“, Business Insider, December 18th, 2016.
by Kate McFarland | Dec 21, 2016 | News
On November 29 and 30, the White House, the Stanford University Center on Poverty and Inequality, and the Chan Zuckerberg Initiative co-hosted the Summit on Poverty and Opportunity.
Held at Stanford, the event brought together “275 high-level players in technology, philanthropy, community service, government, and academia” to listen to and participate in a series of panel discussions on social and economic policy and the role of technology and big data.
The conference included a 40-minute panel on “The Future of Jobs and the Question of a Basic Income”:
PANELISTS (from viewer’s left to right)
– Sam Altman, president of the startup incubator Y Combinator, and the initiator of its plan for a basic income experiment. Y Combinator is currently running a pilot study of a basic income in Oakland, with plans for a larger scale experiment in the future.
– Chris Hughes, a co-founder of Facebook and (as of this month) a co-chair of the Economic Security Project, which will be distributing $10 million in grants to support basic income projects in the US.
– Juliana Bidadanure, an assistant professor in Stanford’s Department of Philosophy who specializes in political theory and public policy. Bidadanure will be teaching a graduate seminar on the philosophy of basic income in winter 2017.
Future of work expert Natalie Foster moderated the discussion.
All four participants are supporters of universal basic income.
PANEL OVERVIEW.
Bidadanure, Hughes, and Altman, respectively, begin the panel by describing how they came to interested in basic income and outlining their reasons for supporting such a policy. Following these introductory remarks, discussion turns to past and present basic income experiments: Altman talks about Y Combinator’s newly launched pilot study, Hughes describes the work of the charity GiveDirectly, and Bidadanure lays out the results of past experiments in Manitoba, Namibia, and India. Altman additionally stresses the ability of a basic income to alleviate financial anxiety for people who currently live paycheck to paycheck. Finally, panelists present their thoughts on the question of how to finance a basic income. Due to concerns about feasibility, Hughes proposes beginning with a small basic income of $100 or $200 per month; Bidadanure and Altman, however, raise concerns with the implementation of a basic income that is it not sufficiently large to allow for freedom and security.
Additional press on the Summit on Poverty and Opportunity:
Nitasha Tiku, “Stanford, The White House, And Tech Bigwigs Will Host A Summit On Poverty”, BuzzFeed News, November 28, 2016.
Reviewed by Jenna van Draanen
Photo (Stanford University) CC BY 2.0 Robbie Shade
