Germany gets a new universal basic income experiment as more countries consider cash handouts amid the pandemic
In May, Scotland First Minister Nicola Sturgeon outlined UBI as a potential solution to the economic devastation the coronavirus pandemic has had on the country.Starting this week, 120 Germans will receive approximately $1,400 every month for three years as part of a study on universal basic income by the German Institute for Economic Research.is a policy that guarantees a minimum income for citizens or residents, usually paid in the form of cash handouts by the government.
Interim universal basic income policies have already been implemented in a number of other countries, including in the US, Spain, and Denmark.A group of researchers in Germany is launching an experiment into the impact of universal basic income, a policy that guarantees a minimum income for citizens or residents, usually paid in the form of cash handouts by the government.
This week, the German Institute for Economic Research is beginning a three-year study into the economic policy, The Times of London
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