Universal basic income isn't just an idea anymore: it's a reality. For a number of countries including Finland, Italy, Uganda, Kenya, and soon Canada, some form of UBI, where citizens receive an unconditional monthly income, is being tested.As our automated future appears to inch nearer, proponents argue a UBI would ensure stability for workers, and reduce inequality by alleviating poverty and making resources more widely available.
But opponents are quick to argue that citizens will be disincentivized from working if they have a guaranteed income, and that retraining and education will combat automation more constructively. Not to mention the economic impact of paying out large sums to each citizen.