“Bad News for Universal Basic Income.” The “bad news,” per Reason’s Eric Boehm, is that a nonprofit’s three-year, 1,000-person, $1,000-per-month trial of the idea “resulted in decreased productivity and earnings, and more leisure time.”
Is that really bad news? Well, it depends on who you are and what you want.
UBI advocates like Andrew Yang predict the idea would, in part, “enable all Americans to pay their bills, educate themselves, start businesses … relocate for work.”Bad news indeed … on those metrics, anyway.But Yang also predicts a UBI would let recipients “be more creative, stay healthy … spend time with their […]
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