The Financial Implications of Universal Basic Income: What a Recent Experiment Reveals

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Universal Basic Income (UBI) has garnered increasing attention as a potential solution to adverse projected trends in technological unemployment and income inequality. The concept involves providing regular, unconditional payments to all citizens to ensure financial security and personal freedom.A recent UBI experiment, funded by Sam Altman, CEO of OpenAI, offers new insights into how UBI might affect recipients’ financial well-being. As one of the most comprehensive UBI trials to date, this study sheds light on the positive and concerning aspects of UBI’s impact on financial […]

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