Universal basic income

This solution was shared by PRE-LAUNCH RESEARCH TEAM , 14 May 2021

Print date: 04 September 2022 16:28

Description of the innovative solution

Finance Policy Price information Trade policy Procurement policy Tax

Universal basic income is a government implemented fiscal policy entailing the supply of a specific amount of money to each adult in a given nation/state at a specific, regularly occurring time. Universal basic income, known as UBI, essentially assures that everyone living within a certain state has enough money to sustain themselves. UBI would have incredibly far reaching positive impacts. UBI would alleviate poverty, hunger and many inequalities that stem from these. A universal basic income would be financial support through the government for those who need it. The universal basic income would be the start to leveling out financial inequalities. In the long term, the wealth gap would shorten and citizens would be able to trust the social finance net that is ready to catch them if they need.

Supply chain segment

Financial aspects

Maturity level

Gaining traction

Criteria

Food affordability

SDG target

SDG 1: No Poverty SDG 3: Good Health and Well-being SDG 8: Decent Work and Economic Growth SDG 10: Reduced Inequality

Context

Urban Peri-urban Rural Marine/Coastal

Examples and additional resources

Real-world examples

See this solution in action in different contexts and settings around the world

Additional resources

Learn more about this solution through studies, articles, business cases, and other information

What we know about universal basic income: A cross-synthesis of reviews
Scientific paper
Exploration of various universal basic income trials and their various effects in different locations and communities
Shared by PRE-LAUNCH RESEARCH TEAM

Contacts

Connect to others working on and with this solution around the world

No contacts yet.