A Universal Basic Income (UBI) of over $ 400 a month is getting closer to reality for South Koreans as top presidential candidates pledge to launch sweeping policies to tackle worsening inequalities.
UBI – a government program whereby the state pays everyone an unconditional monthly sum – is considered by some economists as a solution to entrenched poverty and by libertarians as a means to demolish bloated bureaucracies. But critics believe the policy is impractical and unaffordable.
Lee Jae-myung, who won the ruling party’s primary race this weekend, has pledged to gradually roll out the policy over his five-year term if […]
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