What are the economic Advantages and disadvantages of Unconditional Basic Income?

Unconditional Basic Income (UBI) presents several economic advantages and disadvantages. Advantages include transparency, efficiency, poverty reduction, and a positive impact on economic growth . UBI can eliminate the stigma associated with welfare receipt, reduce transaction costs, and provide individuals the freedom to pursue better work opportunities . Moreover, UBI can positively impact the labor market by strengthening the position of employees, particularly benefiting women in socially beneficial roles like housework . On the other hand, disadvantages of UBI encompass high costs, potential loss of work motivation among citizens, and the inability to address fundamental causes of inequality . Additionally, […]

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