In a 2018 poll, nearly half of Americans supported the idea of a Universal Basic Income program - where did this idea come from and what would it mean for our society today? The idea of a Universal Basic Income (UBI) has been around for centuries. Way back in 1516, Thomas More’s “Utopia” philosophizes on the benefits of a minimum income,
Thomas Paine wrote of a basic endowment for all adults over the age of 21 in 1796, and in 1967, Martin Luther King Jr. named guaranteed income as the final solution to poverty. Today, many call for UBI with the new rising threat of a new industrial revolution: automation. But in order to make this idea work some essential precepts must be met.
Aid should be given in real money rather than vouchers for goods or services and there should be no income level or employment requirement. Find out how countries and cities are testing UBI and how it would affect our society here.
infographic by: www.greatbusinessschools.org