What is Basic Income? A basic income is also called unconditional basic income, Citizen’s Income, basic income guarantee, universal basic income or universal demogrant.
It is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere. What are the merits? Economists are advocating universal basic incomes for fighting inequality, slow wage growth, advancing automation and fears that immigrants will take away jobs. While free trade and technological advances […]
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