Marshall Islands Launches UBI to Combat Outward Migration
The Marshall Islands has launched a world-first universal basic income (UBI) scheme, providing citizens with $US800 annually to combat rising living costs and poverty. This initiative, funded by a trust under the Compact of Free Association, aims to act as a financial safety net and curb outward migration. While some question its unconditional nature, the government asserts it offers essential economic security and promotes healthier lifestyles for its citizens. The program also explores cryptocurrency payments to reach remote populations, signifying a significant policy experiment with potential implications for future economic disruptions.
John Q. Hosedrinker