With job-stealing robots taking jobs from workers all over the world, how will people stay out of poverty? Universal Basic Income may be the answer. But what is UBI?
Basically, universal basic income is a fixed amount that a country gives it’s citizens, regardless of their income level or their job status. It is an pre-determined amount that is sufficient for subsistence.
Influential UBI supporters include Hillary Clinton, Joe Biden, Sam Altman (Y Combinator President), Sir Richard Branson, Elon Musk, and Mark Zuckerberg, just to name a few. Hawaii also was the first US state to pass a bill supporting universal basic income in June of this year. Will more states follow suit?
In the meantime, find out more about UBI and its economic benefit with this infographic below.
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