Guaranteed minimum income
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Guaranteed minimum income (GMI) also called minimum income, is a system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and either availability for the labour market or a willingness to perform community services. The primary goal of a guaranteed minimum income is to combat poverty. If citizenship is the only requirement, the system turns into a universal basic income.
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See also
- Constitutional economics
- Guaranteed Income Supplement
- Guaranteed Minimum Pension
- Homelessness in the United States
- living wage
- Revenu minimum d'insertion
- Social Credit
- Wage slavery
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