In the U.S., some Silicon Valley titans are championing the idea. Canada’s Ontario province is planning a pilot program, and last year the Swiss put UBI to a referendum, but it failed. India’s government has endorsed the idea, too. They will not lose the income even if they find a job. This year, UBI was a hot topic at the World Economic Forum in Davos, Switzerland, following discussion in 2016 of a “world without work.” In January, Finland launched a pilot program to give 560 euros for two years to 2,000 unemployed adults that replaces some social benefits. Political hurdles must also be overcome for it to become reality. However, the program’s effectiveness and affordability are far from settled discussions. Government officials, some technology executives, philanthropists and academics from every continent are championing the idea as a way to combat rising wealth inequality and provide an income floor as new technologies are seen decimating jobs in the future. That’s the idea behind the universal basic income (UBI) - and it is gaining ground globally. What if everyone on the planet received a guaranteed income whether or not they worked?
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