Are We Ready For a Universal Basic Income?

The idea of a Universal Basic Income is picking up pace all over the world, but are we ready? How would you like a pre-assigned sum of money credited directly into your bank account, every month, no questions asked? That’s the gist of a Universal Basic Income(UBI), that has the whole world polarized on its perks and perils. The UBI is gaining momentum worldwide and has evoked an endless debate among economists and politicians alike. While the UBI has some strong backing, with the likes of Elon Musk, Bill Gates, Richard Branson and Mark Zuckerberg supporting the concept, many economists…...