(AP Photo/Ben Margot, file) With close to 30 million Americans still unemployed and thousands of businesses facing an uncertain future, calls for a “guaranteed income” are becoming louder.
Guaranteed income is giving cash to people who need it because they’re living in poverty. It should not be confused with a “Universal Basic Income,” which is money given to everyone regardless of employment situation or wealth.
The idea is centuries old but has actually been tried in very few nations. The most recent experiment occurred among 2000 unemployed workers in Finland. And, not surprisingly, it was mostly a failure. There were slight […]
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