Universal Basic Income is a periodic, unconditional cash transfer to every citizen in the country. Here, the social or economic position of an individual is not taken into consideration. The concept of universal basic income has three main features: UBI is universal in nature, i.e., not targeted. UBI is a cash transfer instead of an in-kind transfer. UBI is unconditional. That means one need not prove his or her unemployment status or socio-economic identity to be eligible for UBI. Pros : Alleviate poverty and help reduce inequality. Ensure economic security and dignity for all individuals. As human labor is being substituted by technology at a very fast pace, there will be reduced purchasing power. UBI will compensate for the reduced purchasing power. This will help us realize the true goal of economic liberty for every individual. Act as an insurance against unemployment. Help achieve economic equity. Employers will be forced to comply with good working conditions, as wage earners wi
Universal Basic Income is a periodic, unconditional cash transfer to every citizen in the country. Here, the social or economic position of an individual is not taken into consideration. The concept of universal basic income has three main features: UBI is universal in nature, i.e., not targeted. UBI is a cash transfer instead of an in-kind transfer. UBI is unconditional. That means one need not prove his or her unemployment status or socio-economic identity to be eligible for UBI. Pros : Alleviate poverty and help reduce inequality. Ensure economic security and dignity for all individuals. As human labor is being substituted by technology at a very fast pace, there will be reduced purchasing power. UBI will compensate for the reduced purchasing power. This will help us realize the true goal of economic liberty for every individual. Act as an insurance against unemployment. Help achieve economic equity. Employers will be forced to comply with good working conditions, as wage earners wi