The Largest Study Ever on UBI Was Just Conducted—The Results Are Disappointing for Advocates, by Peter Jacobsen

What a surprise! Give people money for nothing, and they get lazier. From Peter Jacobsen at fee.org:

What did people do with the extra time they got from working less? In short, the answer is, they relaxed.

Image Credit: Custom image by FEE

In the 2020 election, an interesting candidate made his way onto the scene for the Democratic Party’s presidential nomination: Andrew Yang. Yang made a splash in particular for his promise to give everyone $1,000.

Andrew Yang’s campaign strategy took a similar approach to Trump’s 2016 campaign in hyper-focusing on a single issue. For Trump, the single issue was immigration. For Yang, that issue was universal basic income (UBI).

Yang’s version of UBI was alluring in its simplicity. Every person in the country would receive a nice, round $1,000 per month. It didn’t matter if you were rich or poor, old or young. A vote for Yang was a vote for cash.

Many from his own party denounced the idea of giving rich people $1,000 per month. But Yang held strong to the payment being universal. By making sure every person gets $1,000, you avoid some incentive issues and the bureaucracy that accompanies typical welfare programs.

Why UBI?

Why have a UBI at all? Yang gave several reasons. One primary concern Yang had was that technology would soon begin to displace many low-skilled jobs. UBI would help the country get ready to take care of displaced workers.

But Yang claimed a myriad of benefits for UBI beyond just a safety net. UBI would free people up to be creative and entrepreneurial. A guaranteed income would provide people with the security they need to pursue their passions, start businesses, or go back to school. Contrary to the claims of detractors, a UBI wouldn’t increase laziness—it would improve people’s productivity!

Continue reading

One response to “The Largest Study Ever on UBI Was Just Conducted—The Results Are Disappointing for Advocates, by Peter Jacobsen

  1. Capitalism is Universal Basic Incentive?

    NO Money, NO Food, NO Honey, heel and toe for transport, Scarface Tony Montana Russian shoes plucked from the dumpster.

    The wizards of smart in the Frankfurt School faculty lounge have overcome all of that human nature stuff with soundbytes and bumperstickers.

    UBI, world conquering WAR, reparations, EBT for millions at $35 trillion+ in debt? Oh my.

    Pass the bong, Bernie bro, don’t harsh my mellow.

    Free martinis for all when Evita O. Cortez is preezy of the steezy! (shake it baby, the martini)

    She was quite upset by the AI porno photochop and the faux interviewer with our favorite big booty Latina.

    With no liberty, injusticed, divided, and under Satan with free underwear and tacos for all.

    Si se puede!

    Breaking from Sean Connery:

    50 Great James Bond 007 quotes.

    [World Domination that same old dream our asylums of full of people who think they’re Napoleon or God]

Leave a Reply