In the US, I read the reports, that for many, it is more rewarding to remain unemployed than to do a job as they get compensated for unemployment by the government. As a result, many small enterprises do not find workers and have to close down. In fact, unemployment allowance, thus, creates more unemployment.
A universal and unconditional allowance removes this anomaly. If people are not insecure and guaranteed minimum support, they tend to work harder to make their living conditions better.
UBI may not be that cost-prohibitive. The government would do well by abolishing wasteful and inefficient welfare schemes and departments and introducing UBI instead.
Enhanced economic activities as a result of the average people having more money and thus buying more and working harder to make their living conditions better would never leave government coffers deficient.
Niraj Kumar Jha
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