Universal Basic Income: Why Has It Been Withheld Until Now?

Universal Basic Income: Why Has It Been Withheld Until Now?

As countries worldwide enter what feels like the umpteenth week of quarantine or lockdown, the coronavirus has now burned an indelible hole through people’s respiratory systems and wallets. While employers dig through their ever-depleting financial reserves to pay disgruntled and dwindling staff, governments across the globe have announced emergency stimulus packages to offset these unprecedented capital crunches for both businesses and employees. This has created a renewed impetus for the universal basic income (UBI) movement, with many left scratching their heads as to why it took a pandemic for governments to release life-changing funds that they had all along.

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