Image taken from investopedia.com site What is Universal Basic Income (UBI)
Universal Basic Income (UBI) is the concept of a government program in which every adult citizen receives a set amount of money regularly. The goals of a basic income system are to alleviate poverty and replace other need-based social programs that potentially require greater bureaucratic involvement.
The idea of universal basic income has gained momentum in the U.S. as automation increasingly replaces workers in manufacturing and other sectors of the economy. What we know so far UBI is not a “rich country” issue, despite what is often assumed. It […]
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