Universal Basic Income (UBI) has been floated in various forms around the world, although there are few large-scale examples.
The idea has become increasingly critical as automation advances, with concerns that machines could make many traditional jobs obsolete.
The main features of the policy are that it covers the essential costs for each individual, without the means being tested.Various payment tiers have been suggested, with some suggesting a tier of £1,000 per month in the UK.But critics point out that it would be eye-wateringly expensive and could take away the incentive for many people to go to work.In 2020, a study […]
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