Minneapolis has been at the forefront of a wave of experimentation in the U.S., seeking to address poverty and homelessness through guaranteed basic income (GBI). In a pioneering two-year study initiated in 2021, the city has provided $500 monthly payments to 200 low-income families. One year into the study, notable improvements in the lives of recipients have been observed, challenging many preconceived notions about basic income. The Impact of Guaranteed Basic Income
Contrary to concerns that such payments might disincentivize work, researchers have found no evidence of recipients working less due to the payments. On the contrary, the GBI […]
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