The Universal Basic Income challenge is going to change lives for everybody
Traditionally, hot stuff like a universal basic income belonged to the agendas of the active labor unions. Today it’s different, as the most famous entrepreneurs around the world are raising the topic.
Originally, the task for the unions was to reallocate money from the wealthiest to the poorest. Today, it's more like a re-engineering challenge to maintain an acceptable balance and distribution of available resources.
It’s true that many job positions are going to disappear with the automation. What we also are facing right now is a restructuration of the political forces. The automation and the acceleration of the digital implementations everywhere in our society make the politicians obsolete-like.
In the same way, as the church lost their political power in the western world 500 years ago, followed by the powerful kingdoms, the democracies managed by politicians are now undergoing a dramatic structural change.
Either they will change their way of representing the citizens, or they will disappear sooner or later.
Before diving into the interesting and revolutionary topic of Universal Basic Income, let’s define what it is and what it isn’t.
Watch the following excellent video that gives you an “in-a-nutshell”- explanation what’s it all about.
Any political campaign in these days, no matter if left- or right wing candidate, they all promise new jobs. They do it because they know that it is one of the most significant concerns their potential voters have.
However, what they do when promising all these new jobs is nothing else than going for temporarily subsidized jobs, or they are delivering a big fat lie.
Universal Basic Income Is A Way Of Involving All People In The Economic Growth
According to a research by the Oxford Martin Programme on Technology and Employment at the University of Oxford, almost half (47%) of the jobs in the U.S. will disappear due to automation.
That is “nothing” compared to Ethiopia with 85%, China 77%, Thailand 72% and India 69%.
While the International Monetary Fund (IMF) predicts an average worldwide economic growth for 2018 by 3,9% of GDP, while the digital economic growth separately is at least 12,5% of GDP (depending a little on the way of measuring.)
The automation of all economies will imply fewer people to employ, as the machines will do the job. The traditional labor market will shrink substantially at the same time the number of independent entrepreneurs will increase.
The issue about a Universal Basic Income will be to the benefit of all people. In developing countries, the extreme poverty will practically disappear. It will be a cost-efficient design, as there will be no need for administrations complicating the process. The only requisite is to be a citizen of your country and that’s it. Entrepreneurial people will get the incentive to take a step towards the project of their dream. The Universal Basic Income can be the necessary step to take action.
At the World Government Summit in Dubai a year ago Elon Musk talks about the Universal Basic Income. He expresses it as something that most probably will be inevitable to implement. Watch the video and go to minute 22 of the video to view this particular topic about UBI.
The Best Way For You To Benefit From A Universal Basic Income
The reality is that fewer people will work in the future. The tricky question that Elon Musk raises is not related to money. It's rather connected to how to keep the self-esteem up for people not having a job.
In many forums, the promotion of becoming an independent entrepreneur and working for your self is the new way of living. Of course, the money is essential but living life as an entrepreneur goes far beyond the money related issues.
So far, Universal Basic Income is implemented in countries like Finland, the Netherlands, Canada, and India. It is even a political topic in the campaigns for the upcoming elections in Mexico. The formula is different from country to country, as still on an experimental level, but there is no doubt that this sort of guaranteed income is here to stay.
The self-esteem Elon Musk is talking about is something that not only can be kept by managing your own business, but it can also be improved and reinforced.
An online business and all opportunities you can find on the Internet is here to support you and all people to be properly prepared for the future.
“It’s not just about the money. It’s about the lifestyle of earning more, working less, and enjoying life!”
This is no longer a cliché quote but a reality confirmed by famous entrepreneurs around the world. Click the banner to the left and find out yourself about the opportunity the automation can offer you.
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