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Universal Basic Income (UBI) is the idea that governments should hand out a "basic income" to every citizen, regardless of employment status. This is so as not to discourage employment while providing a basic living "wage" to every people, so nobody needs to be poor. Potential benefits include encouraging risky endeavours such as Entrepreneurship, further studies, occupation in less financially rewarding field such as the Arts, literature, social work etc.
Also, this will counter the negative pressure on jobs and wages that globalisation and automation will bring in the coming decade, and bridge the income gap.
Many countries, such as Finland and Canada, have already conducted trials; and the results of their experiments will be revealed soon. Personally I see this as an inevitable trend, and will once again, greatly change the economic landscape.
Also, this will counter the negative pressure on jobs and wages that globalisation and automation will bring in the coming decade, and bridge the income gap.
Many countries, such as Finland and Canada, have already conducted trials; and the results of their experiments will be revealed soon. Personally I see this as an inevitable trend, and will once again, greatly change the economic landscape.