The Basic Income Lab at Stanford University makes the case that a universal basic income (UBI) program is a smart policy response to the pandemic. Specifically, because precise targeting of assistance is difficult (risking omitting those who really need help), because pandemic financial shocks can come on very suddenly (means-tested programs are slow), and because financial assistance should allow for proactive exit of the workplace (whereas unemployment insurance is reactive), authors argue that UBI is an attractive option. See also: https://jacobinmag.com/2020/03/universal-basic-income-ubicoronavirus-covid-19-crisis #covid-19 #workforce
Universal basic income as a potential policy response to the pandemic
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