A man in a gray T-shirt holds dollars in his hands. Bank. Casino. Salary. Rates. During the Covid-19 pandemic, the idea of a guaranteed income (or universal basic income (UBI)) took off. Cities from Philadelphia to Compton partnered with philanthropists to conduct several experiments to examine the health and economic impacts of giving people money with no strings attached. The results of these and other programs have been mixed, providing support for both critics and fans.
A recent, comprehensive study that uses a randomized controlled trial provides new evidence that largely supports the critics who worry that a guaranteed income […]
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