Exploring the Potential of Universal Basic Income: Lessons from Past Experiments

Exploring the Potential of Universal Basic Income: Lessons from Past Experiments

The concept of Universal Basic Income (UBI) has garnered significant attention in recent years, particularly as job automation becomes a looming threat in many industries. UBI entails providing unconditional cash payments to individuals to cover their basic needs, and it has gained support from influential figures in the tech industry. However, instead of delving into the dystopian narratives often associated with UBI, let’s focus on the positive impact of past UBI experiments and what they can teach us today.

One of the earliest UBI trials took place in 1969 when President Richard Nixon initiated a program to provide ongoing, unconditional […]

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