UBI enhances economic stability by reducing income volatility and poverty, with Finland’s experiment showing minor employment increase and higher life satisfaction, akin to a 60%-170% income rise. Economic stability through UBI
Direct financial support : UBI provides a steady income floor, reducing income volatility and economic insecurity especially during crises like COVID-19, suggesting a buffer against economic shocks.
Poverty and inequality reduction : UBI’s unconditional cash payments significantly lower poverty rates and income inequality, with 57% business asset increase in Uganda and 38% earnings boost. Employment effects : Contrary to work disincentive concerns, UBI in Finland led to a […]
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