Daily briefing: Spain begins an epic economics experiment in universal basic income

Daily briefing: Spain begins an epic economics experiment in universal basic income

Hello Nature readers, would you like to get this Briefing in your inbox free every day? Sign up here Volunteers in Barcelona, Spain, prepare food packages for vulnerable people.Credit: Xinhua News Agency/Shutterstock Spain’s epic economics experiment

Last month, Spain launched a website offering monthly payments of up to €1,015 (US$1,145) to its citizens to spend however they choose. Economists welcomed it as the largest test yet of an idea called universal basic income (UBI). The government estimates that the scheme will cost at least €3 billion per year. Evidence from smaller trials of UBI indicates that the benefits […]

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