IS IT A TIME FOR UNIVERSAL BASIC INCOME?

Abstract

Robots could have taken over maximum jobs inside 30 years leaving humanity facing its 'biggest assignment ever' to locate meaning in lifestyles when paintings is no longer essential, in keeping with specialists.Professor Moshe Vardi, of Rice university, inside the US, claims that many center-magnificence experts can be outsources to machines in the following couple of a long time leaving people with greater leisure time than they have ever experienced.Another question is of how people will earn their livelihood if no jobs? Economist are suggesting the need for Universal Basic Income. Many experiments are done worldwide to study the effectiveness of Universal Basic Income. This paper focuses on the basic concept of UBI, various experiments taken place all over the world and critical analysis of UBI implementation in India.