Basic Income Experiments Around the World
What if everyone received monthly payments to make life easier and encourage greater economic activity? That’s the exact premise behind Universal Basic Income (UBI).
The idea of UBI as a means to both combat poverty and improve economic prospects has been around for decades. With the COVID-19 pandemic wreaking havoc on economies worldwide, momentum behind the idea has seen a resurgence among certain groups.
Of course, the money to fund basic income programs has to come from somewhere. UBI relies heavily on government budgets or direct funding to cover the regular payments.
As policymakers examine this trade-off between government spending and the potential benefits, there is a growing pool of data to draw inferences from. In fact, basic income has been piloted and experimented on all around the world—but with a mixed bag of results.
First published: September 18, 2020 (link)
Source files included: .ai, .eps, .pdf
Data source: Stanford Basic Income Lab
A full license grants you the permission to download and modify our visualization, and to re-publish it in most professional and personal use cases.
Licenses also give you permission to translate our visualizations into another language, provided that you also remove the Visual Capitalist branding.
|Type of License||
Full License (1 Credit)