What is Universal Basic Income?

Citizens are guaranteed certain amount of money to meet their basic needs.

- adapted from The Washington Post

Why do we need it?

Jobs are being lost to automation

A recent study from Oxford University estimates that 47 percent of U.S. jobs could be made obsolete in the next two decades as automation and deep learning continue to advance.

Allows Choosing career over money

In Namibia, poverty, crime and unemployment went down, as school attendance went up. In India, basic income recipients were more likely to start small businesses.

Alleviates poverty, decrease hospitalization rate and increases average education years

Results of 1974-79 universal basic income experiment

City of Dauphin, Canada

How much should be given?

It is estimated to cost 12-13% of the GDP

UBI will eliminate other similar benefits by the government

Conclusion

Thank you!