Several U.S. $100 bills The largest study into the real-world consequences of giving people an extra $1,000 per month, with no strings attached, has found that those individuals generally worked less, earned less, and engaged in more leisure time activities.
It’s a result that seems to undercut some of the arguments for universal basic income (UBI), which advocates say would help lower- and middle-class Americans become more productive. The idea is that a UBI would reduce the financial uncertainty that might keep some people from pursuing new careers or entrepreneurial opportunities. Andrew Yang, the businessman and one-time Democratic presidential candidate […]
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