Syllabus: GS3/Financial Inclusion Context
Due to the phenomenon of jobless growth , i.e., the rise in output and labour productivity without the commensurate growth in employment generation, several countries have mooted the idea of a universal basic income (UBI).
About This idea has gained traction, especially since the International Labour Organization (ILO)’s most recent World Employment and Social Outlooklinks the decrease in jobs growth and the increase in inequality to a surge in automation and the use of artificial intelligence (AI). Among the several suggestions on the ways to address this is a UBI. What […]
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