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COVID-19 has proved so infectious and has caused so much financial dislocation for millions of Americans, that for the first time in the history of the United States, it makes economic sense for a limited form of a basic guaranteed income (BGI) to be initiated. A BGI is different from the movement for a universal basic income (UBI) in that a BGI is not universal, but is specifically targeted to a certain segment of a nation’s economy that due to circumstances beyond their control have been shut out of the job market because their jobs have disappeared. A UBI is a universal form of income which would apply to all citizens regardless of income or employment status.... International Policy DigestCOVID-19 is Making a Basic Guaranteed Income Possible Richard E. Caroll
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COVID-19 has proved so infectious and has caused so much financial dislocation for millions of Americans, that for the first time in the history of the United States, it makes economic sense for a limited form of a basic guaranteed income (BGI) to be initiated. A BGI is different from the movement for a universal basic income (UBI) in that a BGI is not universal, but is specifically targeted to a certain segment of a nation’s economy that due to circumstances beyond their control have been shut out of the job market because their jobs have disappeared. A UBI is a universal form of income which would apply to all citizens regardless of income or employment status.... International Policy DigestCOVID-19 is Making a Basic Guaranteed Income Possible Richard E. Caroll
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Mike Norman considers the following as important:
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COVID-19 has proved so infectious and has caused so much financial dislocation for millions of Americans, that for the first time in the history of the United States, it makes economic sense for a limited form of a basic guaranteed income (BGI) to be initiated. A BGI is different from the movement for a universal basic income (UBI) in that a BGI is not universal, but is specifically targeted to a certain segment of a nation’s economy that due to circumstances beyond their control have been shut out of the job market because their jobs have disappeared. A UBI is a universal form of income which would apply to all citizens regardless of income or employment status....International Policy Digest
COVID-19 is Making a Basic Guaranteed Income Possible
Richard E. Caroll