Question

UNIVERSAL BASIC INCOME (UBI)
7
soon become a part of developed societies
people predict that a large number of job
the near future. As technology advances,
will be lost, especially in manufacturing an
software industries. Recently, Elon Musk
famous businessman and inventor, declans
near future that governments would be for
to pay people just so that they could live
The founder of Facebook, Mark Zuckerb
expressed a slightly different perspective
UBI recently. While addressing graduating
students at Harvard, Zuckerberg spoke of
how the next generation of young people
wanted to begin working would be faced
unique problem created by the recent ad
world where 'tens of millions of jobs wo
A universal basic income (UBI) refers to an
equal payment given by a government to each
and every citizen, whether adult or child, poor
or rich. UBI is designed to guarantee that all
citizens receive enough income to cover their
basic needs. This scheme is thought to be
easier to administer than current anti-poverty
that so many people will be out of jobs
or subsidy schemes across the world. In most
countries, existing government policies or
schemes are varied: subsidised public food
distribution systems, unemployment benefits,
various employment plans, government work
schemes, and the like. However, one problem
with most of these is that they are not easy
to implement, especially in terms of reaching
every person who is eligible. In addition, many
of these can be easily corrupted.
in technology: they would have to deal w
The concept of UBI appears to be suited best
to developing societies across the world, where
be) replaced by automation'. He proposed
a large section of a country's population is
idea of a universal basic income as a meth
struggling to make ends meet. The distribution of ensuring that all youngsters can start the
of a fixed sum for each person is easy to
careers on an equal footing.
implement even for a very large population. Thus, UBI is poised to be an importante
But UBI is not just to be seen as something for
and economic feature of future societies.
developing societies; it is predicted that it will​

Answer 1

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.