What is guaranteed income?
A guaranteed income is an income that is not subject to fluctuations based on market conditions. It is guaranteed by a government, an employer, or some other entity.
The concept of a guaranteed income has been around for centuries, but the idea has gained new traction in recent years as technological advances and globalization have led to increased economic uncertainty. Supporters of a guaranteed income argue that it would help to reduce poverty and inequality, while opponents argue that it would discourage work and lead to dependency.
In 2016, the city of Utrecht in the Netherlands launched a trial program that provided a guaranteed income to a group of low-income residents. The results of the trial are still being evaluated, but the program has been praised by some as a potential way to reduce poverty and inequality.
What is basic income?
A basic income is a form of social security that guarantees a minimum level of income for all citizens, regardless of employment status. A basic income could be provided by the government or by private employers.
The concept of a basic income has been around for centuries, but it has gained new traction in recent years as technological advances and globalization have led to increased economic uncertainty. Supporters of a basic income argue that it would help to reduce poverty and inequality, while opponents argue that it would discourage work and lead to dependency.
In 2016, the city of Utrecht in the Netherlands launched a trial program that provided a basic income to a group of low-income residents. The results of the trial are still being evaluated, but the program has been praised by some as a potential way to reduce poverty and inequality.
