Study shows that universal basic income may not be the greatest idea

Study shows that universal basic income may not be the greatest idea

UBI-superfan and former presidential candidate Andrew Yang (Patrick McMullan/Getty Images) Weird Money

A new study shared by a University of Toronto professor casts doubt on UBI.

Jack Raines 4hIn the 2020 election cycle, darkhorse Democrat candidate Andrew Yang popularized the idea of a monthly $1,000 “universal base income” to fight poverty and offset job displacement due to automation, and debates on the merits of UBI have re-emerged as countries grapple with the ramifications of artificial intelligence.Earlier this week, University of Toronto professor Eva Vivalt shared the results of a three-year randomized controlled trial, conducted by herself and four other researchers, […]

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