Supply and Demand

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The connections between supply, demand and inflation are well-known. However, when a great deal of the work performed by a population is not obviously productive in any way and still gets paid for, shouldn’t this result in inflation? If a lot of the work we do really isn’t productive, i.e. does not do much for the supply-side of things, then if UBI is going to drive inflation we should probably already be experiencing it.

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Tough (the toughest) challenge

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The ongoing migrant/refugee tragedy within and at Europe’s borders lays down a gauntlet to advocates for basic income: If the development of UBI within Europe depends on closing and (it’s always going to be) violently maintaining its borders, is UBI a policy that can take any kind of priority?

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‘My life experience was tantamount to worthless’ Freelancing Precariat

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Photo: Raimond Spekking

by Rebecca Ridolfo©

Recently, I saw Guy Standing interviewed on the Keiser Report about his book: A Precariat Charter: From Denizens to Citizens. He is Professor of Development Studies at the University of London and writes about the increasingly precarious nature of modern employment. Pressure is put on wages by the demographics of soaring youth unemployment, immigration and people in their 60s & 70s who have to or want to continue to work. Corporate demand for a flexible workforce is colliding with the need for a stable income to keep a roof over workers’ heads. The domination of corporations is reflected in the rise of Zero Hours contracts and the accelerating growth of the Precariat.

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UBI and alcoholism (or other substance addictions): exploring the argument against UBI

During discussions on UBI I have participated in, some sceptics have raised the concerns that guaranteeing income in monetary allowance will contribute to increasing addictions such as alcoholism in society. I agree that there is some true to this argument. Certainly, if the entire system of accompanying people with addictions will not change, we can expect that this problem will persist or even aggreviate. Therefore, a broader vision and a movement needs to stand behind the UBI. Guaranteeing an income should be just a beginning of and the consequence of a cultural and social change.

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Immigration & Technology

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The logic in arguments against immigration often runs up against the realities produced by the huge technological advances currently underway in production. Are jobs finite and being ransacked by foreigners? Or are there always going to be jobs, whatever the drive of technological advancements?

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Basic Income: Can we afford *not* to have it?

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The Wage Slave Dilemma. Cartoon by Stephanie McMillan 2011 http://stephaniemcmillan.org/codegreen

There was an almighty kerfuffle a few weeks ago over over the Green Party’s plans for Citizen’s Income. Many articles have come out both for and against, but all have missed the key question: can we afford not to have a basic income?

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Possible Futures

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The following is a report on a talk held on 14.02.2015 by the London Futurists. David Jenkins and Barb Jacobson spoke for around 50 minutes, followed by just over an hour of discussion. Comments and questions were wide-ranging, and spread along a great many different political, social and economic spectra. This is an attempt to condense that discussion for possible *future* use.

 

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Report on New Putney Debates (30/10/2014)

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Following on from a report I wrote summarising a meeting held in the Houses of Parliament back in April, this is a report from a lively and interesting discussion that took place on the 30th October at the Institute of Education, London. Invited speakers were Barb Jacobson , coordinator at Basic Income UK, Ben Baumberg, Lecturer in sociology at the University of Kent and Duncan McCann, Assistant Researcher at the New Economics Foundation.

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Superrich distort London property prices

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Britain’s richest people are wealthier than ever before, as the May, 2014 publication of Sunday Times Rich List, a list of the 1000 richest families in the UK, found.

Almost 500 of the top 1000 richest UK families live in London, but just those families have almost a quarter of the wealth of the superrich in London, said Professor Danny Dorling, Speaking at the London School of Economics (LSE) earlier this mont

 

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A Perspective on Inflation

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This article is a (possible? viable?) response to one of the few criticisms against UBI that actually holds water. My training is not as an economist and so this intended as a starting point for a larger discussion.

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