The Alaska Permanent Fund is tied to oil revenues and worth $65 billion. It has made an annual check of $1,000 to $2,000 available to virtually every citizen since 1982.
The fear that giving people regular, no-strings-attached payments might discourage them from working is common among opponents of similar programs.
But research from a University of Chicago professor and University of Pennsylvania professor found that this universal basic income program increases part-time employment, creating a neutral effect on employment numbers. This article is part of Business Insider’s ongoing series on Better Capitalism . The Alaska […]
Full Post at www.businessinsider.com