The trouble with UBI and variations of it like BIG is that it makes it too easy for 4 people to get together and share a house or apartment and live comfortably without working. 4 x $15000 = $60K which is quite comfortable (although not luxurious) for a household of 4.
A universal jobs program wouldn’t have that perverse incentive. It would be much less expensive because far fewer people would sign up for it, some people could leverage their work experience in the program into getting private sector jobs, and taxpayers would get back some value from […]
Full Post at www.actuarialoutpost.com