Spotlight: Universal Basic Income: Free Money for Everybody?
Remember, before Covid-19, the pay for lower-income workers was rising at a faster pace than anyone else’s? So why is the idea of universal basic income (UBI) now gaining ground, and why is paying every adult $1,000 a month even a solution to the fight against Covid-19? Steve Forbes on the ethical and practical problems related to UBI and the detrimental economic consequences such payouts could cause. Steve Forbes shares his What’s Ahead Spotlights each Tuesday, Thursday and Friday.