Universal Basic Income
Unconditional Cash Study Participant Stories
openresearchlab.orgA comprehensive universal basic income (UBI) experiment in the US, giving $1,000 a month to 1,000 low-income individuals for three years, yielded underwhelming results: slightly reduced work hours with no significant improvements in health or human capital investments. It did, however, increase generosity among recipients — spending on others saw the largest categorical increase.
UBI—or wider programmes for social support, cohesion, and economic access—should be seen as a tool for enabling the technological transition, not a response to it. It would reduce the fear of job displacement and encourage entrepreneurship and risk-taking. They could reduce social anxiety, creating the space to take advantage of this coming era of ... See more
Azeem Azhar • 💸 Turning UBI on its head
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