Guyanese OnlineRethinking the welfare state – Basically flawed
Proponents of a basic income underestimate how disruptive it would be
Jun 4th 2016 | From the ECONOMIST print edition
WORK is one of society’s most important institutions. It is the main mechanism through which spending power is allocated. It provides people with meaning, structure and identity. Yet work is a less generous, and less certain, provider of these benefits than it once was. Since 2000 economic growth across the rich world has failed to generate decent pay increases for most workers. Now there is growing fear of a more fundamental threat to the world of work: the possibility that new technologies, from machine learning to driverless cars, will cause havoc to employment.
Such worries have revived interest in an old idea: the payment of a “universal basic income”, an unconditional government payment given to all citizens, as a supplement to or replacement for wages (see article). Continue reading
Guyana Map – click to enlarge
Despite all the financial and economic problems facing the country especially with the sugar and rice industry, Guyana has an abundance of natural resources, arable land, mineral deposits, natural ports and a young and educated population to move the country forward.
With the recent discovery of oil, the economic growth potential in Guyana is very high. Despite these advantages, poverty, unemployment and crime, especially among the youths are on the rise in Guyana and the country continues to face serious economic and social challenges. Continue reading
Bus strike in Rio de Janeiro, Brazil, affects 3 million people – 1 March 2013 Source: noticias.bol.uol.com.br
As a non-union worker and mother of two school-age children, I resented bus drivers and conductors when they went on strike. Like other workers who depended on public transport to get to work and get our children to school, I had to suffer the consequences of their collective action for better wages and working conditions. What about my right to get to work?
As an import-export manager, strikes at the ports posed other hassles. When dock workers or customs officials went on strike, import and export goods sat at the port awaiting clearance or shipment. Didn’t they care that they were affecting businesses and other workers?
30 Thousand dock workers at Brazilian ports strike in protest against MP 595 22 February 2013 – São Paulo – Brazil
While I resented and complained…
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