New Universal Basic Income Experiment Finds 40% of Money Spent On Food

"The first data from an experiment in a California city where needy people get $500 a month from the government shows they spend most of it on things such as food, clothing and utility bills ," reports the Associated Press: The 18-month, privately funded program started in February and involves 125 people in Stockton…. But critics say the experiment likely won’t provide useful information from a social science perspective given its limited size and duration. Matt Zwolinski, director of the Center for Ethics, Economics and Public Policy at the University of San Diego, said people aren’t likely to change […]

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