Universal basic income: What UBI is, how it works, how it would affect the economy, and what supporters and critics say

Universal basic income offers people recurring cash payments, no strings attached. Universal basic income is gaining global traction, with over 100 cash payment pilots in the US.

UBI and basic income aims to reduce poverty by giving people cash, no strings attached.

Participants spend basic income on necessities, but critics argue it’s costly and discourages work. Universal basic income has made giant strides from its origins as a utopian vision.While UBI has gained traction as an idea in recent years, its universal nature is still a difficult political sell. However, to test out the idea on a more limited […]

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