Some of the most interesting parts of that book discuss this graph, and the debate among economists about whether it’s real (which is ludicrous because of course the poverty trap is real). The graph is interesting though because it shows a level of income that societies should strive to achieve for their citizens, ie the minimum you need to earn to get out of the trap. I don’t thing Esther Duflo (author) touches on it, but the extension of this theory to UBI is clear. Everyone should earn that minimum.
This is called the “poverty trap”. Here’s a great book about it: https://en.m.wikipedia.org/wiki/Poor_Economics
Yet another comment I wish I could pin. Ty for the suggestion.
Some of the most interesting parts of that book discuss this graph, and the debate among economists about whether it’s real (which is ludicrous because of course the poverty trap is real). The graph is interesting though because it shows a level of income that societies should strive to achieve for their citizens, ie the minimum you need to earn to get out of the trap. I don’t thing Esther Duflo (author) touches on it, but the extension of this theory to UBI is clear. Everyone should earn that minimum.
UBI is not the only thing that’s very important we also should advocate for UBH (Universal Basic Healthcare).