Credit: Pixabay The concept of universal basic income (UBI) is simple: provide a set amount of “basic income” for survival to every citizen regularly with no strings attached. Supporters on the left believe that it will lift people out of poverty and increase the quality of life. On the right, supporters believe that UBI could reduce the burden on the state’s welfare system and maximize individual choices instead.
In recent years, UBI has attracted more considerable attention with increased concerns over growing economic inequality and the effect of automation upon the labor market. Switzerland ran a national referendum on UBI […]
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