Germany Experiments on Universal Basic Income Where Select Citizens Will Receive A Monthly Stipend Of €1,200 For 3 Years

Germany Experiments on Universal Basic Income Where Select Citizens Will Receive A Monthly Stipend Of €1,200 For 3 Years

Anadolu Agency As the worldwide economies continue on with the struggle of an unforeseen recession due to the coronavirus pandemic, governments of every country are scrambling to find solutions to minimizing all the social and financial damage Covid-19 has affected such as unemployment, hunger, emotional distress and other traumatizing events.

With the worsening crisis on everyday lives, Germany will begin a trial for universal basic income (UBI), which will provide 120 citizens a monthly stipend of €1,200 , or about $1,430 for the next three years. This amount is just a little over the poverty line in the country.

The experience […]

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