The question is: Could cash transfers help offset some of the economic damage being wrought by COVID-19? It’s not a hypothetical question. In responding to the novel coronavirus, countries like Indonesia, Malaysia, and China are anticipating, expanding, and increasing payments of their flagship cash programs. And so is the U.K. Because of the universal nature of the virus, some countries are considering universal transfers. These include the provision of cash to everyone with no strings attached, namely universal basic income (UBI)—the subject of our new book.
ONE TOOL, MANY OBJECTIVES
Traditionally, UBI is framed around three different goals: (1) countering possible job losses from automation, including at-risk occupations like truck drivers; (2) strengthening social contracts and trust in government by redistributing oil revenues a la Alaska; and (3) acting as a deliberate poverty-reduction instrument.
Each of these objectives has different implications for how UBI has to be communicated to the public, how it is perceived and supported societally, and how it is designed. For example, the amount of cash provided as a token for social contracts may hardly be adequate to make a dent in poverty. Trade-offs and expectations need to be managed.
5 lessons for using universal basic income during a pandemic
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The question is: Could cash transfers help offset some of the economic damage being wrought by COVID-19? It’s not a hypothetical question. In responding to the novel coronavirus, countries like Indonesia, Malaysia, and China are anticipating, expanding, and increasing payments of their flagship cash programs. And so is the U.K. Because of the universal nature of the virus, some countries are considering universal transfers. These include the provision of cash to everyone with no strings attached, namely universal basic income (UBI)—the subject of our new book. ONE TOOL, MANY OBJECTIVES Traditionally, UBI is framed around three different goals: (1) countering possible job losses from automation, including at-risk occupations like truck drivers; (2) strengthening social contracts and trust in government by redistributing oil revenues a la Alaska; and (3) acting as a deliberate poverty-reduction instrument. Each of these objectives has different implications for how UBI has to be communicated to the public, how it is perceived and supported societally, and how it is designed. For example, the amount of cash provided as a token for social contracts may hardly be adequate to make a dent in poverty. Trade-offs and expectations need to be managed. https://www.brookings.edu/blog/future-development/2020/03/13/5-lessons-for-using-universal-basic-income-during-a-pandemic/