Indian state plans to experiment with universal basic income for all

Indian state plans to experiment with universal basic income for all

The government of Sikkim, a tiny state in India, plans to pay its 610,577 citizens a Universal Basic Income. If successful, the scheme would represent the largest trial run of a concept could provide a safety net, help alleviate poverty and address the challenge of job automation. Detractors say it would reduce the incentive to work. The government expects to roll out the scheme by 2022.

Timothy
Timothy
theLifeOf
theLifeOf 1 year

Canada tried this in Winnipeg in the 1970’s. From an economics perspective, UBI would go nowhere. Money’s value is relative, so with more money in everybody’s hands, the price of goods and services will naturally increase.

Top in World
Get the App