Meaning of universal basic income | Babel Free

Definitions

A form of social security, whereby all citizens or qualified residents, receive a sum of money on a regular schedule unconditionally.

Examples

“Silicon Valley has, paradoxically, become one of the most vocal proponents of universal basic income (UBI). […] UBI becomes a consolation prize for those whose lives are disrupted.”

“We should explore ideas like universal basic income to give everyone a cushion to try new things.”

“Also known as Universal Basic Income, this sunny concept holds that a robot-driven economy may someday produce an unlimited bounty of cool stuff while simultaneously releasing us from the drudgery of old-fashioned labor, leaving our government-funded children to enjoy bountiful lives of leisure as interpretive dancers or practitioners of bee-sting therapy, as touted by Gwyneth Paltrow.”

CEFR level