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Universal Basic Income (UBI) – A primer
What is UBI? On its face, the definition of a truly universal basic income is pretty straightforward: It’s an amount of cash given to everyone within a geographic area that’s then distributed unconditionally regularly, and on a long-term basis, as Marinescu describes it. (Although, the most recent UBI trials have focused on those with low … Continue reading
Universal Basic Income Pilots – They may look and smell like a UBI, but they aren’t.
The annual conference of the Basic Income Earth Network focused on implementation and shed light on a range of experiences worldwide, namely the “pilots” that are quoted in virtually every blog on the subject. On this point, the salience of UBI pilots doesn’t appear to be the technical questions they raise. Rather, their value probably … Continue reading
Universal Basic Income (UBI) – Three reasons
From Mongolia to Finland to India, we are seeing heightened interest in the idea of a universal basic income (UBI)—an unconditional cash grant given to every citizen, regardless of their employment status or wealth. The idea is controversial, receiving criticism from many quarters including Future Development. To sharpen the debate, it’s useful to distinguish three … Continue reading
A Universal Basic Income (UBI) for a post-work economy
Many are now calling for a “universal basic income” (UBI)—where the state gives everyone enough to live on. This would put a floor under the class of people we’re calling the “precariat,” people for whom work doesn’t lead to increased financial security. It would free us from the bullshit, allowing everyone to benefit from automation, … Continue reading
Finland’s Universal Basic Income Experiment – A small increase in employment, a huge boost to well-being
As income inequality and economic upheaval take center stage, is a guaranteed minimum income worth considering? Results from a two-year experiment in Finland offer clues. A small increase in employment In the design of the Finnish experiment, the main research question, agreed to by parliament in the enabling legislation, was the impact of a basic … Continue reading
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