Showing posts with label Richard Branson. Show all posts
Showing posts with label Richard Branson. Show all posts

Monday, August 21, 2017

Virgin Money

Over the past week or so, there has been an increase in interest in Universal Basic Income (UBI).  A couple more of the tech elite have added their voices to those of Elon Musk and Mark Zuckerberg in support of this Utopian economic concept: Stewart Butterfield, founder of Slack, and Richard Branson, founder of all things Virgin.

The two of them are coming at the concept from slightly different bents.  Mr. Butterfield sees it as a way to help those hurt by localized market inflation, similar to the housing market in Silicon Valley where high tech salaries have driven home prices out of reach of all of the ancillary jobs that those technocrats take for granted.  It doesn't matter how well sourced your latte's beans are if you don't have a barista available to prepare it.

Mr. Branson is looking at it from a bit more humanitarian perspective, having met with groups working in Finland to understand how that countries limited UBI program is working.  In a blog post, he states:

"In the modern world, everybody should have the opportunity to work and to thrive. Most countries can afford to make sure that everybody has their basic needs covered. One idea that could help make this a reality is a universal basic income. This concept should be further explored to see how it can work practically."
This is slightly different than both Musk and Zuckerberg who are more concerned with the fallout from workplace automation and how we all can afford basic necessities if we don't have jobs.