Why the world should adopt a basic income

Why the world should adopt a basic income

9/5/2018

link

https://www.economist.com/open-future/2018/07/04/why-the-world-should-adopt-a-basic-income

summary

In this thought-provoking article, the idea of implementing a universal basic income (UBI) is examined. The author argues that a UBI could be the solution to increasing income inequality and technological unemployment. The article presents various arguments in favor of a basic income, including the potential positive impact on poverty reduction and social stability. It also delves into the possible challenges and criticism that a UBI could face, such as funding and potential disincentives to work. Overall, the author presents a compelling case for why the world should seriously consider adopting a basic income as a means to address socioeconomic issues and create a more inclusive society.

tags

universal basic income ꞏ social welfare ꞏ economic policy ꞏ poverty reduction ꞏ income inequality ꞏ social equality ꞏ welfare state ꞏ guaranteed income ꞏ economic theory ꞏ social safety net ꞏ labor market ꞏ wealth redistribution ꞏ social justice ꞏ economic equality ꞏ public policy ꞏ automation ꞏ future of work ꞏ economic reform ꞏ social reform ꞏ sustainable development ꞏ poverty alleviation ꞏ wealth gap ꞏ economic fairness ꞏ social change ꞏ social mobility ꞏ economic security ꞏ social support ꞏ economic empowerment ꞏ social welfare system ꞏ economic independence ꞏ social progress ꞏ social transformation ꞏ economic stability ꞏ social cohesion ꞏ job displacement ꞏ economic efficiency ꞏ income redistribution ꞏ economic development ꞏ income support ꞏ social innovation ꞏ economic productivity ꞏ income guarantee ꞏ social inclusion ꞏ economic growth ꞏ income security ꞏ social experiment ꞏ economic justice ꞏ income assistance ꞏ social participation ꞏ economic opportunity ꞏ income supplementation ꞏ social impact ꞏ economic impact ꞏ income maintenance ꞏ income distribution ꞏ economic system ꞏ income policy ꞏ social democracy