With the social and financial damage COVID-19 has done to worldwide economies, Germany will experiment with universal basic income over a three year period with 120 volunteers. The experiment will be conducted by the German Institute for Economic Research and funded by 140,000 individuals’ private donations.
Germany will provide the citizens a monthly stipend of €1,200, or about $1,430, which is just above the country’s poverty level. These citizens will be compared to 1,380 other German citizens not receiving universal basic income (UBI).
According to Business Insider, BUI is “the idea that a government should pay a lump sum of money […]
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