Governance & Social Commentary

After 32 years of providing remuneration and associated governance services Geoff Nunn has stepped back from advisory work and now focuses on providing commentary on the major issues facing the business sector, government and community.

Good governance

across the globe is being challenged. Institutions which once formed the backbone of our democracies are being dismantled or rendered ineffective.

The world order is being reshaped in many ways.

The commentary on this website is designed to present some of the issues

in a non-political way. We believe in pro-active governance; taking action before a situation becomes a crisis, and key stakeholder engagement in policy development. The environment is at the forefront of our thinking.

 

An Independent Perspective

 

Disclaimer:  the comments and opinions expressed in this website are the personal views of the author, Geoff Nunn, and do not represent professional advice. 

The Rise of AI and the Case for a Minimum Basic Income

‍The term “Singularity” has many meanings.  Let’s try this one and see how it flies:

The technological singularity—or simply the singularity—is a hypothetical future point in time at which technological growth becomes uncontrollable and irreversible, producing unpredictable changes in human civilization. According to the most popular version of the singularity hypothesis, I.J. Good's intelligence explosion model, an upgradable intelligent agent will eventually enter a "runaway reaction" of self-improvement cycles, each new and more intelligent generation  more and more rapidly, causing an "explosion" in intelligence and resulting in a powerful superintelligence that qualitatively far surpasses all human intelligence.”

https://en.wikipedia.org/wiki/Technological_singularity

According to Sam Altman, CEO of Open AI, we’ve reached the Singularity already (although many others contest this view).  The prospect of reaching real “Plurality”, where technology and informed democracy co-exist as a complementarity, appears remote. 

If a significant number of jobs disappear and/or no longer need to be performed by a human being there might be what some are calling a “jobs apocalypse”.  Particularly entry level jobs and those of a routine nature. The rise of AI has again placed the notion of a Universal Basic Income on the agenda.  In my view the concept needs to be modified, and some criteria set for eligibility.  It should not be available to everyone. Certainly not the wealthy and high-income earners. Recipients should have some mutual obligations depending upon personal circumstances.  This of course begs the question of whether the term “Universal Basis Income” is appropriate and another term such as “Minimum Basic Income (MBI)” might be more accurate. 

In our latest newsletter we explore the notion of a MBI and look at a hypothetical case study. You can view the newsletter by clicking the button below.

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Core purpose:

Our Core Purpose is to bring an independent perspective to issues confronting governments, organisations of all types, and communities. We provide informed commentary, strategic navigation and applied intelligence models to help chart the future.