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20. What is Universal Basic Income? A Good Idea? Or An Expensive Waste of Money? (English Vocabulary Lesson)

Thinking in English

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UBI Is a Great Tool for Reducing Poverty

Research by the OECD concludes that UBI would not prove to be an effective tool for reducing poverty. A strong economy needs people to be motivated to work hard and uncertainty is a great motivator to work hard, as it provides guaranteed security. The UK Minister for Employment said estimated costs ranging from 8.2 billion to 160 billion pounds are clearly unaffordable. In 2016, the Swiss government opposed UBI, stating that it would encourage fewer people to work or exacerbate skills shortages.

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