Universal Basic Income (UBI) is a social concept in which every person within a system receive a regular, standard, basic income regardless of employment, background or other external factors. Some criticize UBI, saying that people would stop working with a basic income. However, a recent study demonstrated that people receiving UBI would likely keep their jobs and even take on more part-time work.
The study examines the impact of the Alaska Permanent Fund, a $61-billion communal resource backed by oil, which has been running for more than 35 years. It is currently the closest thing to a UBI in the […]
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