(Getty Images) Free money makes people less likely to work. If common sense doesn’t convince you of that, a new study should.
In July, a National Bureau of Economic Research paper looked at the effects of a guaranteed income program run by two nonprofits . The initiative gave $1,000 a month for three years to 1,000 low-income individuals. As a control group, 2,000 individuals received $50 a month. It was “the largest unconditional cash transfer program evaluated by a randomized controlled trial” in the United States, according to researchers
The stakes of this experiment are significant. Those behind these guaranteed income […]
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