UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
I’ve yet to see a study at a scale large enough to impact the local economy. Will the results hold when everyone gets monthly cash payments, or will rent go through the roof and that’s about it?
Kind of a weird argument, isn’t it? If we did the opposite instead, it’s not as if you’d expect rents to fall – on the contrary, rent would go up in response to the added financial burden on landlords. Setting that hypothetical aside, wouldn’t a generalized inflation of rents be an acceptable tradeoff for reducing homelessness and untethering the 50+% of young adults who still live with their parents to move and work in more economically efficient environments?
So what if there were 100 or more small scale experiments in 50 different countries, in similar conditions. I won’t be playing with the money of the entire nation|state|county|city to possibly lose it and not get elected again!
I want vaccines to be tested on 30% of the population to see if it works.
We should be putting this prototype hardware in the hands of 40% of the population to see if there are any side effects before deciding whether to legalise it.
We will do a double blind test on 50% of the population with these new safety regulations to see if there’s an impact on incidences. The study would be invalid otherwise.
Models and small scale experiments are for wimps. I, the ruler of the democratic country, declare an experiment shall be run at national scale! The economy of region X with will not be comparable to that of the rest of 90% of country!
That’s about it. Why would anyone work for $20k/yr when they could get $12k for free? They wouldn’t. So those jobs would bump to $30k+, and a domino affect would occur. Nothing would be achieved other than the devaluing of the American dollar, which would lead to a loss of jobs, increased poverty, and guess what else - increased homelessness.
I’ve yet to see a study at a scale large enough to impact the local economy. Will the results hold when everyone gets monthly cash payments, or will rent go through the roof and that’s about it?
Kind of a weird argument, isn’t it? If we did the opposite instead, it’s not as if you’d expect rents to fall – on the contrary, rent would go up in response to the added financial burden on landlords. Setting that hypothetical aside, wouldn’t a generalized inflation of rents be an acceptable tradeoff for reducing homelessness and untethering the 50+% of young adults who still live with their parents to move and work in more economically efficient environments?
That’s about it. Why would anyone work for $20k/yr when they could get $12k for free? They wouldn’t. So those jobs would bump to $30k+, and a domino affect would occur. Nothing would be achieved other than the devaluing of the American dollar, which would lead to a loss of jobs, increased poverty, and guess what else - increased homelessness.