The Global Importance of Universal Basic Income (UBI) Manifestation
Universal Basic Income (UBI) is a policy proposal that has gained increasing attention in recent years as a potential solution to address the economic, social and political challenges of our time. The idea behind UBI is to provide every citizen with a regular cash payment, unconditionally and regardless of their employment status, with the aim of ensuring a basic standard of living.The importance of UBI lies in its potential to alleviate poverty and inequality, to enhance individual freedom and autonomy, to promote innovation and creativity, and to enable greater social and economic stability. By providing a basic income floor, UBI could help reduce poverty and inequality, and provide a safety net for those who fall on hard times. This would enable people to better pursue their goals and aspirations, and allow them to take more risks, such as starting a new business, pursuing further education, or engaging in creative pursuits.Furthermore, UBI could lead to greater social and economic stability by reducing the precariousness and insecurity of the current labor market, which is characterized by precarious and low-paid work, job insecurity, and rising levels of automation. UBI could help to redistribute wealth and power more equitably, providing a more balanced distribution of economic resources and opportunities, and enabling greater social cohesion and trust.Overall, the implementation of UBI would require a comprehensive and coordinated approach involving government, civil society, and the private sector. However, its potential benefits for humanity are significant, making it an important policy proposal to consider in the pursuit of a more just and equitable society
Year of publication: |
2023
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Authors: | Tereshchenko, Sofia |
Publisher: |
[S.l.] : SSRN |
Subject: | Grundeinkommen | Basic income | Welt | World | Öffentliche Sozialleistungen | Social security benefits | Globalisierung | Globalization |
Saved in:
freely available
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