Guaranteed minimum income (GMI), also called minimum income (or mincome for short),[1] is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship; a means test; and either availability to participate in the labor market, or willingness to perform community services.
The primary goal of a guaranteed minimum income is reduction of poverty. In circumstances when citizenship is the sole qualification, the program becomes a universal basic income system.
https://en.wikipedia.org/wiki/Guaranteed_minimum_income
Elements
A system of guaranteed minimum income can consist of several elements, most notably:
- Calculation of the social minimum, usually below the minimum wage[2][3]
- Social safety net that helps those without sufficient financial means survive at the social minimum through payments or a loan, generally conditional on availability for work, performance of community services, some kind of social contract, or commitment to a social integration trajectory
- State child support
- Student loan and grants
- State pensions or social pensions for the elderly
- Disability pensions for those who physically can't work
https://en.wikipedia.org/wiki/Guaranteed_minimum_income
No comments:
Post a Comment