The new scheme follows several other studies around the world with universal basic income. With the new proposal, the participants will be given one million won (a local currency valued at $883) per year. The difference between this proposal and other basic income schemes being tried globally is that the money will come in the form of a special currency, with the aim that the money will be used for exchanging for goods and services with small local businesses. READ MORE: Indian state to embark on universal basic income experiment A universal basic income most often refers to the […]
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