Final Answer:
Alexis' thesis for her economics paper was that the implementation of a universal basic income would lead to a decrease in income inequality and an increase in overall economic growth.
Step-by-step explanation:
In her economics paper, Alexis argued that the current economic system, which relies heavily on income and wealth inequality, is unsustainable in the long run. She proposed a solution in the form of a universal basic income (UBI), which is a regular, unconditional payment made to all citizens, regardless of their employment status or income level.
Alexis' thesis was based on two main arguments. Firstly, she argued that UBI would lead to a decrease in income inequality. Currently, income inequality is at an all-time high in many countries, with the wealthiest individuals and corporations enjoying disproportionate amounts of resources and opportunities.
UBI would provide a safety net for those who are currently living in poverty or precarious economic circumstances, reducing the need for them to rely on low-wage jobs or other forms of exploitative employment. This would also reduce the financial stresses that many people face, allowing them to focus on education, training, and other opportunities for upward mobility.
Secondly, Alexis argued that UBI would lead to an increase in overall economic growth. This may seem counterintuitive at first glance, as UBI is often criticized as being too expensive or unsustainable from an economic perspective. However, Alexis pointed out that UBI would actually stimulate economic growth in several ways. Firstly, it would provide a boost to consumer spending, as people would have more disposable income to spend on goods and services.
This would create new demand for products and services, leading to increased production and employment opportunities. Secondly, UBI would reduce poverty and financial stresses, which are known to have negative impacts on health and wellbeing. By improving people's overall quality of life, UBI would lead to increased productivity and economic activity over time.
In conclusion, Alexis' thesis was grounded in both economic theory and empirical evidence. While UBI is still a relatively new concept in many countries, there have been several successful pilot programs implemented in various parts of the world. As more research is conducted and more governments consider implementing UBI policies, it will be important to continue exploring the potential benefits and drawbacks of this approach.
However, based on the evidence presented by Alexis and other researchers, it seems clear that UBI has the potential to address some of the most pressing economic and social challenges facing our societies today.