G20’s ‘Ideas Bank’ Recommends Global Basic Income

G20’s ‘Ideas Bank’ Recommends Global Basic Income

T20 Task Force 6 Statement

The pandemic has increased poverty worldwide so in response, there is global interest in UBI. Can it become a reality soon?

The pandemic has increased poverty worldwide. As estimated by the World Bank, COVID-19 has pushed back between 88 and 115 million people into extreme poverty in 2020, setting back poverty reduction by around three years. Moreover, the International Labour Organization assessed that in 2020 an additional 255 million full-time jobs were lost worldwide ; vulnerable groups, particularly women and low-skilled workers, are more likely to lose their jobs or to suffer from […]

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