- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Participants received $1,000 a month. They took better jobs, went back to school and started opening businesses.
Study: https://www.openresearchlab.org/studies/unconditional-cash-study/study
Archived version: https://archive.ph/8BtU9
I worry about these pilot studies, because they don’t show the large-scale effects on a nation’s economy.
Simply put: careful of drawing conclusions about UBI from a study on BI
We had plenty of real life tests. Look at COVID-19 as the latest large scale example. Countries were giving out people unconditional cash and research showed that it was overwhelming success.
There are also plenty of different scale examples in the world. See https://www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map
I’m in fovour of ubi and inthino we have no choice but to implement it in some way, but let’s not forget that covid payments led to huge inflation worldwide. Its led to a cost of living crisis.
Was it payments that caused it, or was it greed? Because inflation and shrinkflation happened at the same time as record profits for companies. It’s a popular talking point to blame cash payments for inflation, but reality doesn’t reflect that if you take even a cursory look behind the mainstream narrative.
Supply and demand were both affected. Yes, there was profiteering too. Its complex. However, creating money, which we did, meant a larger demand, which led to inflation. It was worse for some things, especially of supply and bottlenecks were a problem.
“Be careful about these pilot studies on vaccines, they don’t show large scale effects on a nation’s resistance”.
What do you expect to happen? There’s a large-scale trial the size of a country from which to draw conclusions from?