Universal basic income has been tested for decades and works. It helps reduce poverty and improves education and health outcomes and can significantly mitigate the lasting economic impacts of the COVID-19 pandemic. In fact, we could see more than $2.5 trillion in economic growth by 2025 and it will help individuals move up the economic ladder.
The idea of a basic income was, for decades, something of a policy fantasy. But the last few years have seen it become less outlandish, to the point where we now have many limited basic income programs up and running around the world — perhaps a dry run for a broader embrace of the policy in the coming years.
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This report compiles and critically examines 16 reviews of the evidence in order to synthesize key findings, identify evidence gaps, and derive directions for future UBI research, policy and practice.
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To put it bluntly: The question should no longer be whether resources for effective social protection can be found – but how they can be found. UBI promises to be a useful element of such a framework.
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