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A universal basic income (UBI) or simply basic income is a social program in which all citizens of a population regularly receive a sum of money from the government.[1] A pure or unconditional basic income has no means test, much like Social Security in the United States. Basic income can be implemented nationally, regionally or locally. The idea gained attention in recent years because people fear that technology will make many jobs obsolete in the future.
The idea has never been put in place by any country yet, but there have been some experimental trials.
In a 2016 survey, 64% of Europeans voted for an UBI.[2]
- ↑ Clifford, Catherine (2019-06-27). "Why everyone is talking about free cash handouts—an explainer on universal basic income". CNBC. Retrieved 2021-05-25.
- ↑ "EU Survey: 64% of Europeans in Favour of Basic Income". Basicincome.org. 23 May 2016. Archived from the original on 26 May 2016. Retrieved 5 June 2016.