Geographical
Poverty has reached alarming levels globally, with more than 700 million people living on less than US$1.90 a day. And the wealth gap continues to widen; the richest one per cent now holds more than twice as much wealth as the bottom 6.9 billion people combined.
This stark disparity not only perpetuates cycles of poverty but also hinders social mobility, leaving millions without access to essential resources such as education, healthcare and basic necessities. As the divide between rich and poor grows, the need for solutions to address this inequality becomes increasingly urgent.
Tackling such a monumental challenge demands a bold and innovative solution. A global universal basic income (UBI) could be the transformative solution we need. A global UBI calls for every adult and child to receive an unconditional monthly cash payment to cover their basic needs, as a fundamental human right. It expands on the idea of a UBI, and proposes that national UBIs be underpinned by a global UBI as a universal social safety net.
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