Tag: Capitalism

💰 Universal Basic Income | Pros and Cons | UBI

💰 Universal Basic Income | Pros and Cons | UBI

Have you ever wondered what it would be like to go back to the 1970s soviet country, and return to our times with then-popular maxim: “Down you lie or up you stand, either way you’ll earn a grand”? Every citizen in our country would have full-time employment and a fixed salary regardless of the results …

Income Inequality is Good

Income Inequality is Good

There has been a lot said and a lot written about income inequality – about how unfair it is that a few people are very rich and the rest of us aren’t; that the income gap between the wealthy and even the middle-class, let alone the poor, is so large. There’s only one problem with …

Why the U.S. Should Provide Universal Basic Income

Why the U.S. Should Provide Universal Basic Income

America! We are the richest country on earth, and indeed the richest civilization that has ever existed. We put a man on the moon! We invented the internet, the assembly line, and the airplane. More billionaires live here than anywhere else on earth. And we are widely acknowledged as being the most powerful single nation …

How we’ll earn money in a future without jobs | Martin Ford

How we’ll earn money in a future without jobs | Martin Ford

I’m gonna begin with a scary question are we headed toward a future without jobs the remarkable progress that we’re seeing in technologies like self-driving cars has led to an explosion of interest in this question but because it’s something that’s been asked so many times in the past maybe what we should really be …

EconoMinute: Median Household Income

EconoMinute: Median Household Income

This is Richard Wolff with another EconoMinute. In recent weeks the government has released statistics indicating that Americans’ household incomes went up between 2014 and 2015. And indeed they did. It’s interesting that that happened. It’s important. The gain was substantial. Median income, by the way, simply a measure that gives you a rough idea …