Read previewSome might say a universal basic income is wishful thinking, but one study suggests it could have staggering impacts on the global economy.
Basic income pilots gained popularity after the COVID-19 pandemic, which caused record-high unemployment — nearly 15% — in the United States in early 2020.
A universal basic income program, or UBI, would provide regular cash payments to everyone.
South Africa is on track to be the first country to adopt a universal basic income.
"In theory, it is a beautiful idea to use basic income to help people, sustain nature, and boost the economy.
Persons:
—, Rashid Sumaila, Sumaila
Organizations:
Service, Business, University of British
Locations:
United States, University of British Columbia, America, Iowa, South Africa