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The Impact of the Covid-19 Pandemic on the Universal Basic Income Debate

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  • Seongwon Chung

    (Hankuk Academy of Foreign Studies)

Abstract

The development of AI industries, rapidly changing technologies, and the severe inequality of wealth in the current society have increased the relevance of "Universal Basic Income" (UBI), a welfare policy where the government distributes monetary sums to every member of society regardless of socioeconomic status. In Korean Society, this has been a political issue for years and debates have been going on. Basic income has emerged as a central topic in Korean politics in preparation for the "post-corona" era. With big-name politicians from the ruling and opposition parties expressing their views, it is the first time that a "welfare issue" has occupied the heart of the political discourse since the 2010 free school lunch debate. In this paper, the disparity of expectations of UBI and the reality showed during the pandemic will be assessed using five criteria: technical capability, economic capability, social and ethical capability, political capability, and administrative capability.

Suggested Citation

  • Seongwon Chung, 2020. "The Impact of the Covid-19 Pandemic on the Universal Basic Income Debate," Technium Social Sciences Journal, Technium Science, vol. 14(1), pages 593-600, December.
    • Handle: RePEc:tec:journl:v:14:y:2020:i:1:p:593-600
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    More about this item

    Keywords

    Post COVID; Universal Basic Income;

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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