Universal Basic Income (UBI): Exploring its Feasibility, Impacts, and Policy Implications Abstract Universal Basic Income (UBI) has gained traction as a potential solution to address economic inequality, automation-induced job displacement, and poverty. This paper delves into the feasibility, impacts, and policy implications of implementing UBI schemes. Drawing from a diverse range of scholarly sources, this paper examines the potential benefits of UBI in providing financial security, reducing administrative overhead, and stimulating economic activity. However, UBI also raises concerns regarding its fiscal sustainability, labor market dynamics, and potential unintended consequences. By critically analyzing empirical evidence and theoretical frameworks, this paper […]
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