Chinese school Shanghai

Learning point economics: what is UBI basic salary for all

Universal basic income is a controversial proposal under which the government provides regular, permanent cash payments to each citizen with the intent of lifting everyone out of poverty, encouraging their participation in the economy and covering the costs of their most fundamental needs including food, housing and clothing. 全民基本收入,简称UBI,是一项备受争议的提案,根据该提案,政府无条件地向每个公民提供定期的永久性现金支付,旨在使每个人摆脱贫困,鼓励他们参与市场经济并保证他们最基本的需求,包括食物,住房和衣物。 Everyone, in other words, gets a…