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Monday, February 01, 2016

Feb 1, 2016 - HSBC said to freeze salaries, hiring in 2016 in battle to cut costs

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Y Combinator recently put out a job ad for a researcher for a 5 year research project on 'Basic Income'. The idea is to see how people behave if given a basic income (no questions asked) which takes care of their basic needs. Do they sit around and play video games? Will they be happy and fulfilled? Or will not having the fear of being able to eat enable them to do something bigger and better? All interesting questions. While YC is looking at this because it believes machines will one day do most of our white collar jobs as well, there is a more urgent and perhaps more important need to study Basic Income as a subsidy tool for the poor. This article examines some of that, including experiments being done in Finland and Utrecht (Netherlands) - Comment

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