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South Korea's Universal Basic Income Experiment to Boost the Economy

Crystal Tai

October 09, 2020 |

Wall Street Journal |

Video |

5-15 Minutes

Response Location: South Korea, Gyeonggi Province

13 million South Koreans were given money to spend in their local markets in order to stimulate the economy after the economic slowdown. The money is distributed through a debit card and significantly boosted sales for small businesses. Politicians propose using the concept to offset job losses from automation by levying taxes on the manufacturing industry in the form of a "robot tax."

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