As America's cities look to alleviate poverty, universal basic income has been proposed by local leaders as a complement to existing welfare. With a housing-affordability crisis and high healthcare ...
The idea of a universal basic income—a taxpayer-funded minimum monthly payment meant to reduce poverty and improve opportunity—is alluring. That’s especially true for low-income mothers of newborns.
Forbes contributors publish independent expert analyses and insights. C M Rubin covers AI, education, and innovation globally. Seamless loop of Universal basic income Concept, 3D animation.
A number of versions of this idea have been proposed. There have also been a number of experiments with the idea, and at least one very rigorous study of the effects. I’ll get to some of that below.
Universal basic income and guaranteed basic income programs offer unconditional, recurring payments. Basic income pilots are active in the US but have also been tried worldwide. Countries like Kenya ...
Conservatives are fighting guaranteed basic income programs across the country. Lawyers and lawmakers want to block basic income programs in Texas, California, and elsewhere. Many of them argue the ...
The titans of AI say they're coming for your job, but UBI will solve everything. Do they have a point? Reading time 12 minutes Three years ago, OpenAI CEO Sam Altman published an essay dubbed “Moore’s ...
Free money makes people less likely to work. If common sense doesn’t convince you of that, a new study should. In July, a National Bureau of Economic Research paper looked at the effects of a ...
As global wealth inequality deepens and automation threatens to usher in a new form of technology-driven unemployment, many nations, from the wealthy and industrialized to the still-developing, are ...
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