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Universal basic income pros and cons —according to experts

Chicago’s basic income program is one of over 100 pilots across the US.

What countries and states have UBI?

US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more. Some pilots focus on specific demographics: parents with young children, pregnant people, and families experiencing homelessness. Most of these programs also target Americans living below or near the federal poverty line.

Internationally, Canada had a universal basic income program in the 1970s. Countries with UBI or GBI pilots currently running include Brazil, China, Germany, India, Iran, and Ireland.

What’s next for UBI?

Basic income pilots continue to be launched around the world. And, in the US, cash payment programs are beginning to inspire policy: States like California and New Mexico have introduced basic income bills into their state legislatures, aiming to create and fund lasting programs for residents.

This November, Oregon will vote on a UBI ballot measure. If it passes, Oregon residents could receive an annual $1,600 tax rebate, no strings attached — paid for by a tax on major corporations.

Tech leaders like Sam Altman, the CEO of OpenAI, and Elon Musk have also suggested that federal universal basic income might become necessary as artificial intelligence disrupts the labor market.

Have you benefited from a basic income program? Are you open to sharing how you spent the money? If so, reach out to this reporter at allisonkelly@businessinsider.com.

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