Guaranteed Income Gets a New Life

Image source: Freepik

1. Guaranteed income (GI) programs, providing regular cash payments without conditions, are being discussed and piloted globally.

Image source: Freepik

2. Renewed interest driven by factors like automation, inequality, and growing support for basic needs security.

Image source: Freepik

3. Pilots testing various models - universal, targeted, negative income tax - to understand impacts and feasibility.

Image source: Freepik

4. Alaska Permanent Fund, providing annual dividends to all residents, offers a long-term example.

Image source: Freepik

5. Reducing poverty and inequality by providing a financial safety net.

Image source: Freepik

6. Stimulating economic activity through increased spending power.

Image source: Freepik

7. Improving health and well-being by reducing stress and insecurity.

Image source: Freepik

8. Enabling individuals to pursue education, entrepreneurship, or caregiving roles.

Image source: Freepik

9. Funding sources and long-term sustainability of large-scale programs.

Image source: Freepik

10. Potential disincentives to work, though evidence is mixed.

Image source: Freepik

11. Political feasibility and gaining public and government support.

Image source: Freepik

12. Designing programs effectively to maximize positive impacts and minimize drawbacks.

Image source: Freepik

13. Pilot programs and research will provide valuable data for informed policy decisions.

Image source: Freepik

14. GI is unlikely to be a one-size-fits-all solution but could be part of broader social safety nets.

Image source: Freepik

Read More Stories

Image source: Freepik