ECS3704 Assignment 3 Portfolio Semester 1 2026 – Due May 2026

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ECS3704 ASSIGNMENT 3 PORTFOLIO 2026
DUE MAY 2026

Assessment 3: Part A: See the TUT101 on assessment criteria and essay writing.
It is argued that the advancement of Artificial Intelligence (AI) will render some
workers redundant, leading to increased unemployment, poverty, and inequality.
Some economists are calling for the introduction of a Basic Income Grant (BIG) to
mitigate these challenges.

Compare, with the aid of diagrams, the effects of Basic Income Grant (BIG) and
Universal Basic Income Grant (UBI) on poverty and inequality

The fear that technology could replace many jobs, together with ongoing high levels of
inequality, has made the Basic Income Grant (BIG) and Universal Basic Income (UBI)
important topics in policy discussions. In South Africa, which is known as the most
unequal country in the world (World Bank, 2018b, cited in Black et al., 2019, p. 143),
these ideas are seen as possible ways to reduce poverty and unemployment. Although
both systems give people cash payments, they work differently because they target
people in different ways and have different effects on the economy. A targeted BIG (or