Monday, June 15, 2020

(Op-Ed) South Korea Considering Universal Basic Income Post-COVID

In recent years, UBI has attracted more considerable attention with increased concerns over growing economic inequality and the effect of automation upon the labor market. So far, no country has a national-level basic income policy.The COVID-19 outbreak has forced many states to hand out emergency basic income and consider more drastic policies for post-pandemic recovery, potentially lowering the mental barrier around the idea of UBI. In particular, various factors seem to be aligned in South Korea for the beginning of a tangible action for the introduction of UBI. Read More