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ECS3704 Assignment 3 Semester 1 Memo | Due 2 June 2026. All questions fully answered. 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. [20]
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