Universal Basic Income = Total Government Control - #TrendsDecoded
The UN Pushes for a Type of Universal Basic Income So 3 Billion Can Stay at Home – #TrendsDecoded
Hi, and welcome to Trends Decoded. This is the series where I highlight important news stories that fit into larger trends that you should be aware of. Today, I am going to focus on Universal Basic Income: From Automation to the Covid-19 Pandemic.
The first story I want to review comes from the United Nations, or more specifically, the United Nations Development Programme. The title reads: Temporary Basic Income to protect the world's poorest people could slow the surge in COVID-19 cases…
This call by the UNDP of course comes after many governments around the world have shut down the free market, ordered people to stay at home and paid a large percentage of people’s salary under a type of furlough scheme in many countries.
Although these schemes are not identical to universal basic income, they certainly share many similarities to an idea that was originally suggested in relation to combating a future scenario where automation and robotics render many people’s jobs obsolete.
The New York Times reported all the way back in 2016 that Universal Basic Income was one plan being suggested in the decades to come if, and perhaps when, most traditional jobs are automated.
Over the past few months, it has become clear that at least one aspect of the Covid-19 pandemic is that it is a grand social experiment on a global level, perhaps the grandest, and one part of this experiment appears to be a trial of a form of universal basic income.
Yet there are numerous problems with governments around the world shutting down the free market and paying everyone’s salary.
Obviously, the economic cost for one, which may be paid in part through increased inflation in the coming years.
Secondly, governments around the world seem to have forgot that risk is a part of life. Unless you are in a vulnerable group, why are millions upon millions of young, healthy people, being ordered by the state to stay at home?
Thirdly, and this is the main point I want to highlight, it is extremely dangerous for everyone to be dependent on the government. Government’s around the world have now set the precedent that they can shut down the free market anytime a major event occurs, or has reportedly occurred.
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United Nations Development Programme (UNDP) (23 July, 2020) Temporary Basic Income to protect the world's poorest people could slow the surge in COVID-19 cases, says UNDP - https://www.undp.org/content/undp/en/home/news-centre/news/2020/Temporary_Basic_Income_to_protect_the_worlds_poorest_people_slow_COVID19.html
Moline, G. G. and Ortiz-Juarez (July, 2020) TEMPORARY BASIC INCOME: Protecting Poor and Vulnerable People in Developing Countries, United Nations Development Programme (UNDP) - https://www.undp.org/content/undp/en/home/librarypage/transitions-series/temporary-basic-income--tbi--for-developing-countries.html
Manjoo, F. (2 March, 2016) A Plan in Case Robots Take the Jobs: Give Everyone a Paycheck, New York Times https://www.nytimes.com/2016/03/03/technology/plan-to-fight-robot-invasion-at-work-give-everyone-a-paycheck.html
Clifford, C. (18 June, 2018) Elon Musk: Free cash handouts ‘will be necessary’ if robots take humans’ jobs, CNBC - https://www.cnbc.com/2018/06/18/elon-musk-automated-jobs-could-make-ubi-cash-handouts-necessary.html
Bendix, A. (8 Dec. 2019) One of the world's largest basic-income trials, a 2-year program in Finland, was a major flop. But experts say the test was flawed, Business Insider - https://www.businessinsider.com/finland-basic-income-experiment-reasons-for-failure-2019-12?r=US&IR=T
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