According to some, UBI can be implemented amid currency inflation [11.] 12. is not in a position to compensate for inflation as it itself is responsible for it. This would result in higher UBI rates, thereby worsening the inflation problem. Table of contents
What Are The Disadvantages Of Universal Basic Income?
As much as Universal Basic Income (UBI) takes from the poor as it lets everyone, increasing poverty and leaving the poor without much sought after targeted support. However, UBI costs too much and its removal from the labor and skills markets will negatively impact the economy. Would Universal […]