Politics

Universal Basic Income

Universal basic income (UBI) is a social and economic policy concept that entails providing all residents of a country with a regular and unconditional financial payment from the government. This payment is designed to cover essential living expenses and ensure a basic standard of living, irrespective of a person’s employment status or income level. The primary aim of UBI is to alleviate poverty, reduce inequality, and provide a safety net in the face of technological advancements that might disrupt traditional job markets.

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