Universal basic income (UBI) remains a politically divisive topic in the UK, highlighted by a pilot program in Wales that provided basic income to care leavers. Launched in 2022, this program gave monthly payments to support young adults transitioning out of the care system. While some UK citizens favor UBI for its potential to reduce inequality, opposition exists due to concerns over work disincentives and financial feasibility. Global interest is evident as countries like the US and Canada explore basic income as a solution to modern economic challenges.
Guaranteed basic income offers recurring cash payments for a set period of time to a specific group of people.
Supporters of basic income argue that it can address growing inequality and insulate workers from economic recessions and technological advances.
#universal-basic-income #uk-politics #economic-inequality #wales-pilot-program #social-support-mechanisms
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