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THE ECONOMICS PIONEERS
Universal Basic Income: A Path to Economic Security
Universal Basic Income is a transformational policy that could provide new solutions to the challenges of automation, economic inequality, and the evolving nature of labor markets. This article by Rik van Tiggelen discusses how UBI can help alleviate poverty, simplify welfare systems, and increase economic participation. Specific case studies from Finland, Namibia, and the United States have illustrated the effectiveness of UBI in poverty reduction and improving wellbeing, while critics raise several funding and moral concerns. But these challenges do not take away the fact that UBI would be a very strong weapon for social inclusivity and economic security in the times to come.
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