guaranteed annual income

American  

[gar-uhn-teed an-yoo-uhl in-kuhm] / ˈgær ən tid ˈæn yu əl ˈɪn kʌm /

noun

1. Also called guaranteed income.  compensation provided by the government to any family or individual whose annual income falls below a specified level. GAI

2. guaranteed annual wage.

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Etymology

Origin of guaranteed annual income

First recorded in 1965–70

Example Sentences

In 1967, King argued, “It seems to me that the Civil Rights Movement must now begin to organize for the guaranteed annual income … which I believe will go a long, long way toward dealing with the Negro’s economic problem and the economic problem with many other poor people confronting our nation.”

From Salon

Dr. King advocated for a “guaranteed annual income” as part of the struggle for civil rights in the 1960s.

From Washington Times

The city’s task force has floated the idea of lump-sum payments of $5 million per eligible residents, as well as a guaranteed annual income of $97,000 and erasing personal debts.

From Washington Times

Kash Gaines got behind the $5 million one-time payment as well as the proposed $97,000 guaranteed annual income for 250 years, although he suggested the time period should be doubled to 500 years.

From Washington Times

The representatives’ resolution states that Congress would commit to establishing new social welfare programs, expanding welfare benefits, a guaranteed annual income, a higher minimum wage, and many other things.

From Washington Times