Here Are the Results of the Biggest Universal Basic Income Trial Yet

Widespread job losses due to the coronavirus pandemic are leading to renewed interest in the idea of a universal basic income (UBI). That coincided perfectly with publication of the results of the biggest UBI experiment to date—but they suggest the idea may not be a panacea.

More than 36 million Americans have filed for unemployment benefits in the last 2 months as the lockdown causes many businesses to pare back or even go under. That’s led to previously inconceivable levels of state aid, including direct cash payments to citizens as part of the stimulus relief package.

It has also breathed fresh life into calls for a UBI, an idea that was already gaining popularity in recent years. Exactly how the policy would be implemented is up for debate, but essentially it would involve every citizen being given regular, no-strings-attached payments that could cover their basic necessities.

Proponents say UBI could simplify the welfare system, and because payments aren’t linked to employment status, people wouldn’t worry about losing benefits if they look for work. Meanwhile, opponents say it would be financially unsustainable and could demotivate job seekers.

 
Συνέχεια ανάγνωσης εδώ

 
Πηγή: singularityhub.com