Why Universal Basic Income Would Be Beneficial To Everyone

Why Universal Basic Income Would Be Beneficial To Everyone

Universal Basic Income (UBI) is usually introduced as a way to eliminate poverty, although it does that, it also benefits literally everyone, from the most poor to the most rich.

A Universal Basic Income (UBI) implemented to our society would change everything for the better, because anyone can be broke at anytime, it’s something that can happen to any of us, no matter who we are.

The problem with our system is that there is no minimum consuming power, and in a world that you need money to do anything, there must be a such “floor”.

A Universal Basic Income (UBI) is a floor that no one can fall bellow, that automatically make everyone’s survival guaranteed and poverty gone forever.

So, with a Universal Basic Income (UBI), not only we’ll eliminate poverty and reduce inequality, but also boost entrepreneurship, reduce crime and set an economic “floor” that no one will fall under.

The last decades, unemployment has dramatically rise globally, that’s why in many countries the people are frustrated, causing populism to rise, that is happening because we automated most of factory job positions, and we just got started.

Automation and AI are said to replace 80% of all jobs in the near future, that’s what a study published in the forthcoming Oxford Handbook of Skills and Training by Stuart Elliot visiting analyst at the Organisation for Economic Co-operation and Development (OECD) finds.

The world is about to change dramatically and we must be ready in order to make a smooth transition to this new age, a universal basic income (UBI) is a great first step.

Tom Frl

Find me on Twitter: @TomFrl
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