With machines and automation threatening the livelihoods of many workers, such as truck drivers, many countries are now looking to a universal basic income system to boost their economies. Photo: K. Y. Cheng China’s minimum living standard guarantee, named dibao , is receiving fresh interest in the region as countries from Korea to India turn to universal basic income (UBI) to boost their economies and combat the coming automation-induced job crisis.
UBI, or the regular distribution of free money to all citizens as a form of social security, has been on the fringes of economic policy debate since the late […]
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