Universal basic income (UBI) is a system in which every citizen of a given population receives a regular sum of money from the government, regardless of their employment status. This concept has been gaining traction in recent years as a way to address income inequality and provide a safety net for those who are unable to work.
UBI has a number of potential benefits. First, it can help to reduce poverty and inequality by providing a financial cushion for those at the bottom of the income ladder. Second, it can boost economic growth by increasing consumer spending. Third, it can free people up to pursue education, training, or other activities that can help them improve their lives.