Representational Pic Although an old idea, Universal Basic Income (UBI), in recent years has gained significant momentum. UBI, in layman’s term, can be defined as an unconditional monetary transfer by the government to its citizens. The crippling economic structure attributed to Covid-19 has brought this idea once again in limelight as unemployment and financial hardship spread across the globe. Often the transfer figure matches the poverty line, reducing the portion of people below poverty line almost instantly. Supporters believe that UBI has the potential to grease the wheels of the economy while increasing the demand side consumption and decrease […]
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