What is universal basic income? Everything you need to know about UBI … in 11 minutes

Next time someone asks “what is universal basic income” you can sound authoritative — and change humanity

What is Universal Basic Income?

Universal basic income (UBI) is a model for providing every person with an unconditional sum of money — regardless of employment status, income or resources. It is designed to enable a baseline standard of living and improve wealth inequality.

Why am I hearing so much about UBI lately?

Second to the question of what is universal basic income is the above puzzler. In recent years, UBI has captured the imagination of academics, tech visionaries (Mark Zuckerberg, Elon Musk, and others) and various politicians — right across the political divide, crucially — mostly because fears of greater wealth inequality across the globe are growing…

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