UBI, A Controversial Concept
Basic Income (or Universal Basic Income [UBI] when applied to an entire population), is, according to Basic Income Earth Network, “a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement.”
So, in short, it’s a baseline income that is given to all. It is given outside of work, assistance programs, certain qualifying factors, etc. There is the possibility of implementing both full and partial UBIs, and it is a solution that has been posed to issues of unemployment, especially in the age of automation. Some think that, as […]
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