The concept of Universal Basic Income (UBI), where governments provide all citizens with a guaranteed regular income, is gaining traction globally in 2024. Several regions and countries, including Finland, Spain, and parts of the U.S., have begun piloting UBI programs. These programs aim to address economic inequality, poverty, and the impacts of automation on the job market.
Early data from these experiments suggest that UBI can provide financial security without discouraging people from working. As more data becomes available, UBI could become a significant policy trend in countries seeking to reduce income inequality and poverty.
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