Can a Universal Basic Income be a reality?
Universal Basic Income (UBI) is a concept that has gained traction in recent years as a potential solution to address economic inequality and automation-driven job displacement. The idea behind UBI is to provide a guaranteed income to all individuals, regardless of their employment status, with no strings attached. However, while the concept of UBI holds promise, its feasibility and potential implications require careful examination. In this article, we will explore the possibility of implementing universal basic income and discuss the challenges and benefits associated with such a transformative social policy. Understanding Universal Basic Income UBI is a system in which every citizen receives a regular and unconditional cash transfer from the government. The goal is to ensure that every individual has access to a basic level of financial security, allowing them to meet their essential needs, pursue education, and participate in the economy. The amount of income provided through UBI ...