Universal Basic Income (UBI) is a hot idea in economic policy circles. Supporters of the idea, an unconditional cash payment given to everyone in a country instead of tax benefits, grants, or other social programs, include Elon Musk and Mark Zuckerberg. They see it as an effective way to fight rising inequality and protect workers in an increasingly automated and unstable labor market .
The Organisation for Economic Co-operation and Development (OECD) wants to cool the excitement down. In a recently released report (pdf), the Paris-based economic forum for rich nations found that, for most high-income countries, a UBI could […]
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