Universal Basic Income

• Universal Basic Income

Is Universal Basic Income the Key to Happiness in Asia | Stanford Social Innovation Review Japan I’ve tried to sort it out in my own mind, but I haven’t yet.

• Japanese university students plan “Do what you love for a living” discussionLove

  • Concerned about becoming “corporate slave” after graduation
  • Advancement of AI technology may replace [repetitive work
    • Potential of Universal Basic Income (UBI) as [income security

• Support in Korea - Lee Won-jae - Founder of [Lab 2050

  • A new political party “turning an era around” promotes UBI and social innovation.
  • Experiments in Gyeonggi-do (Gyeonggi Province)

• The Korean view of labor includes the idea that “if a man will not work, he shall not eat. - Influence of Confucianism, which tells us that we must make a living through [self-help efforts

• Severe wealth disparity and social class fixation in Korean society

  • Academy Award-winning film “Parasite, semi-subterranean family”.
    • The story of a family living in a dark and dank semi-basement and finding hope for their destiny only by falsifying their credentials and education.
  • spoon class theory
  • Trending since 2015

• More than 75% of respondents said their children’s success requires parental connections and financial resources

• Self-employed workers account for 25.1% of the workforce, many in precarious jobs

  • Systemic problems with no traditional employment relationship and no access to social security
  • Youth who are not eligible for unemployment insurance benefits
  • 1 in 10 people under 30 are unemployed

• The wealth gap and the fixation on social class are behind the support for UBI.

• Gyeonggi Province: The most populous administrative district in South Korea, with a population of 12 million

• Launched Basic Income Program for 24 year olds

• Eligible: 175,000 people, $220 equivalent local currency payment every 3 months

• Support for youth and small businesses, no decline in work ethic, increased happiness

• Seoul youth: one-time job search grant worth $2,500

• Under the new Corona: one-time assistance grant worth $800 to all households.

• Support for UBI: Nearly half of South Koreans

• Lee Jae-myung: Basic income proposal of 500,000 won (approx. $430) per year for all citizens, funded by enhanced taxes.

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