From 2020 · Prominent people of different political persuasions have supported the idea of a universal basic income (UBI) to solve the major socioeconomic ills plaguing the United States. Proponents have put forth a variety of UBI plans to tackle income inequality, future work transitions and the complexity of existing benefits programs. But according to economists Melissa S. Kearney and Magne Mogstad in this sobering and eye-opening fact-check, the proposals fall far short of their intended outcomes and could be counterproductive. This illuminating study offers the economically and politically savvy some important food for thought.
20+ min read · From 2018 · In January 2017, Finland began paying a random sample of 2,000 unemployed people aged 25 to 58 a monthly 560 euros (£475). There was no obligation to seek or accept employment during the two year trial ordered by the centre-right government, who run the country on austerity economics. If they did take a job, they would continue to receive the same payment, regardless.
Reader View · Shared by 111, including Tom Connor, Rodrigo Prior, Tauno, Ward Plunet, Hans Bickhofe, Marius Bleuer, Thomas Power
2 min read · From 2020 · Finland’s two-year test of universal basic income has concluded that it doesn't seem to disincentivise working, and improves recipients’ mental and financial well-being
Reader View · Shared by 102, including Bruce Lawson, Adam Thomas, Marius Bleuer, Brent Toderian, 𝔎𝔢𝔦𝔱𝔥 𝔚𝔦𝔩𝔰𝔬𝔫 #CovidIsNotOver, Esther Schindler, Thomas Power, Vala Afshar, Evan Kirstel the $B2B Techfluencer