REUTERSPIX KUALA LUMPUR: Amidst the social pandemonium and economic fallout caused by the COVID-19 pandemic, a local academician believes a rather revolutionary and unorthodox concept that was once tried out in Canada seems worth a relook – the universal basic income (UBI) concept.
Associate Professor Dr Soon Jan-Jan of the School of Economics, Finance and Banking, Universiti Utara Malaysia, said UBI touted as a panacea to the economic hardships faced by the grassroots is a no-strings-attached monthly allowance given unconditionally, to all adult citizens of a country just enough to meet the basic requirement for food, shelter, and education.
It has […]
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