Spain will be 1st European country to implement universal basic income

by Daniel Payne · Apr 6th, 2020 1:05 pm

Spain will reportedly become the first country in Europe to debut a "universal basic income," an effort by the national government to offset the economic fallout from the coronavirus pandemic.

The policy is being touted as a means to help families and workers hit hard by the country's lockdown policy, which is set to last at least until near the end of April. Spain's Minister of Economic Affairs Nadia Calvino said the program could become permanent.

Universal Basic Income is a government-sponsored paycheck. Individuals are paid differently based on demographic factors such as age.

🔦 Spain is the second worst-hit country by the pandemic, with more than 135,000 confirmed cases and over 13,000 deaths as of Monday.


There are 13 comments on this article.

You must become a subscriber or login to view or post comments on this article.