{"id":23641,"date":"2023-06-13T02:17:22","date_gmt":"2023-06-13T02:17:22","guid":{"rendered":"https:\/\/icoinmarket.com\/is-free-money-the-answer-to-poverty\/"},"modified":"2023-06-13T02:17:22","modified_gmt":"2023-06-13T02:17:22","slug":"is-free-money-the-answer-to-poverty","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/is-free-money-the-answer-to-poverty\/","title":{"rendered":"Is Free Money the Answer to Poverty?"},"content":{"rendered":"
\n<\/p>\n
In the relentless churn of the 21st-century work landscape, a beacon of hope emerges for many seeking a reprieve from the mounting pressures of job insecurity, economic uncertainty, and poverty. The concept? Universal Basic Income (UBI). <\/p>\n
This is a 500-year-old idea gaining renewed attention due to the evolving job market. Especially now, with artificial intelligence and technological disruption, UBI proposes a fascinating solution. The goal is a government-provided set salary for every citizen, regardless of income or social status.<\/p>\n
Two localities in the United Kingdom \u2013 the central part of Jarrow and East Finchley in North London \u2013 were selected as the testing grounds for the first micro pilot scheme of UBI. This initiative, backed by the policy institute Autonomy, is envisioned as a stepping stone that will pave the way for building a robust case for UBI at a national level.<\/p>\n
For this trial, 30 participants will be selected to receive a monthly sum of \u00a31,600, without any conditions, for two years. The primary objective of this experiment is to evaluate the impacts of having guaranteed financial safety. <\/p>\n
It will also explore various aspects of the participants\u2019 lives, such as their physical and mental health and life circumstances.<\/p>\n