The coronavirus pandemic is having devastating socio-economic effects on people in many parts of the world. Poverty, hunger and malnutrition are increasing; diseases – including polio, measles, and tuberculosis – are surging; and anxiety, depression, and stress are on the rise.
Could distributing a universal basic income – a modest, unconditional stipend that gives individuals enough money to get by – help people weather crises like this?
The idea of a universal basic income isn’t new. For instance, a version of basic support called Negative Income Taxes was tested in the US about 40 years ago. Basic income is now at […]
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