Decoding Universal Basic Income: Pros, Cons & Global Impacts | CNBC Explains

Decoding Universal Basic Income: Pros, Cons & Global Impacts | CNBC Explains

One sentence video summary:Universal Basic Income (UBI) is gaining popularity as an economic concept providing cash transfers to everyone with no strings attached. It aims to address unemployment, poverty, and income inequality, with trials being conducted in various countries. However, critics question its feasibility and potential negative impacts on work incentives. Video Highlights

� Universal Basic Income (UBI) provides cash transfers to all citizens without conditions.

� Trials for UBI are being conducted in various countries like Finland, the Netherlands, Kenya, Canada, and the United States.� Critics argue that UBI may disincentivize work and raise concerns about funding such a […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.