A large study of the “universal basic income” handout in Finland found exactly what you’d expect. Giving people “free” money makes them marginally happier but not noticeably more productive.
In 2017, Finland selected 2,000 unemployed residents to receive 560 euros a month — approximately $600 — for two years. Researchers wanted to test the results of a policy now eagerly pushed by American progressives that calls for providing every adult a guaranteed minimum income courtesy of the taxpayers. The Finland experiment was the first UBI study to be nationwide, randomized and authorized by statute.
UBI proponents theorize that having a guaranteed […]
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