“A universal basic income is a government guarantee that each citizen receives a minimum income. It is also called a citizen’s income, guaranteed minimum income, or basic income.
“The intention behind the payment is to provide enough to cover the basic cost of living and provide financial security. The concept has regained popularity as a way to offset job losses caused by technology.
“Plans differ on who receives the income. Some would pay every citizen, regardless of income.
“Others would only pay those who are below the poverty line, whether they are working or not. One proposal would pay just those left jobless due to robotics, a plan that 48% of Americans support.1”
Read more at The Balance
