June 11, 2024
South Africa grapples with extreme income disparity, one of the worst globally, coupled with a staggering unemployment rate over 30%.
The government’s proposed solution? Universal Basic Income (UBI). Business Insider reports this policy has gained substantial political backing.The African National Congress (ANC) , the nation’s dominant party, pledges to roll out UBI within two years.Previously seen as a utopian idea, UBI—unconditional, regular payments to all—has earned legitimacy, particularly after the efficacy of pandemic stimulus checks.Tech innovators, facing potential job disruptions from AI, also champion UBI. South Africa on the Verge of Pioneering Universal Basic Income. (Photo Internet reproduction) […]
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