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What is UniversalBasic Income*?

Basic income means giving everyone a regular, equal, cash payment, regardless of social standing, wealth, or income.

Defining Characteristics

adapted from Bidadanure, 2019, 'The Political Theory of Basic Income'

Periodic
It is a recurrent payment (for
example every week) rather
than a one-off grant
Cash
It is paid in (digital) cash, allowing
recipients to convert their benefits
into whatever they may like
Universal
It is paid to all, and not targeted
to a specific population
Individual
It is paid on an individual
basis (vs. household)
Unconditional
It involves no work requirement or
sanctions; it is accessible to those in
work and out of work, voluntarily or not

Basic Income Now,
More Than Ever.

Basic income is a long-standing policy with fresh relevance and urgency, in light of the challenges we face today. In the words of economist Jeremy Rifkin, "Basic income is not a utopia; it's a practical business plan for the next step of the human journey."

Basic Income Helps Solve For

Unpaid Care Work
Economic compensation for the
unpaid "caring economy", jobs
such as childcare, elder care, or
community work
Financial Security
Helps to avoid homelessness,
poverty and despair arising from
unexpected crises such as health
emergency or a global pandemic
Economic Mobility
Instead of scraping by, basic
income enables people to
begin to save and invest
Mental & Emotional
Well Being
Freed from the burden of
constant instability, pilots report
higher satisfaction and better
mental health outcomes
Professional
Development
It gives people a floor to stand on
and frees them from unfulfilling
jobs, enabling them to pursue
new skills and education

Progressive Minds Support Basic Income

Dr. Danielle Martin
Associate Professor, University Of Toronto
“Reducing poverty isn’t just good for people living in poverty. Reducing poverty is good for society as a whole.”
Andrew Yang
Entrepreneur and former US presidential candidate
“Basic income would recognise the work that isn't valued by the market, like caregiving, that is performed disproportionately by women. Putting cash into the hands of women also would empower them to leave exploitative jobs or relationships.”
Annie Lowery
Political and economic journalist, The Atlantic
“A UBI is not a salve for a world of technological unemployment, or a powerful anti-poverty measure, or a form of social dividend, or a way to boost the earnings of the working poor. Rather, it is all those things and more: a paradigmatic shift that would free people from having to do more work that they did not want to do at all.”
Jack Dorsey
Entrepreneur, philanthropist,
Twitter co-founder & CEO.
“Every single field is going to be touched by automation, and UBI to me represents a floor. A floor that people can stand on, and have the knowledge and peace of mind that they could survive and eat and feed their children while they are learning how to transition into this new world.”
Dr. Danielle Martin
Associate Professor, University Of Toronto
Read More >
Andrew Yang
Entrepreneur and former US presidential candidate
Read More >
Annie Lowery
Political and economic journalist, The Atlantic
Read More >
Jack Dorsey
Entrepreneur, philanthropist,
Twitter co-founder & CEO.
Read More >

Learn More on Basic Income

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Dr. Danielle Martin
Associate Professor, University Of Toronto
“Reducing poverty isn’t just good for people living in poverty. Reducing poverty is good for society as a whole.”
Andrew Yang
Entrepreneur and former US presidential candidate
“Basic income would recognise the work that isn't valued by the market, like caregiving, that is performed disproportionately by women. Putting cash into the hands of women also would empower them to leave exploitative jobs or relationships.”
Annie Lowery
Political and economic journalist, The Atlantic
“A UBI is not a salve for a world of technological unemployment, or a powerful anti-poverty measure, or a form of social dividend, or a way to boost the earnings of the working poor. Rather, it is all those things and more: a paradigmatic shift that would free people from having to do more work that they did not want to do at all.”
Jack Dorsey
Entrepreneur, philanthropist,
Twitter co-founder & CEO.
“Every single field is going to be touched by automation, and UBI to me represents a floor. A floor that people can stand on, and have the knowledge and peace of mind that they could survive and eat and feed their children while they are learning how to transition into this new world.”
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