Two states in India could be implementing universal basic income (UBI) within two years. Universal basic income is a social aid system where all citizens are guaranteed the funds to meet their basic needs, like food, shelter, and clothing.
Opponents believe that the system would harm productivity and de-incentivize work. Proponents argue that benefits to those below the poverty line would lead to greater creativity and entrepreneurship. While universal income has its pitfalls, it may be a more sustainable means of social aid than our current welfare aid system, especially in the age of growing workplace automation.
Even UBI’s supporters are […]
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