Universal Basic Income – The Bipartisan Answer to Poverty

Economics, Industry, and Business , Updates

“The important thing is to create a floor on which people can start building some security. If the economic situation allows, you can gradually increase the income to where it meets subsistence,” says Guy Standing, a professor of development studies at the School of Oriental and African Studies, in London, who was involved with the pilot. “Even that modest amount had incredible effects on people’s savings, economic status, health, in children going to school, in the acquisition of items like school shoes, so people felt in control of their lives. The amount of work people were doing increased as well.”

What do you think? As a potential recipient of Basic Income, what would be your argument for or against?

Read more from Fast Co.Exist via Instapaper

Gerd Leonhard

Discuss

Cookies & Policy

By using this site you agree to the placement of cookies in accordance with our terms and policy.