Love all the "liberal" comments. It didn't work cause of this, it didn't work cause of that..." blah, blah...the fact is, government dependency never results in successful outcomes. Giving people money (like welfare) and telling them "good luck!" only makes them more dependent and less enthusiastic to work. There's generations of people in California who have depended on welfare and food stamps for their entire lives...because it's so easy to get, and if you can keep getting it, why work?
this post was submitted on 21 Apr 2024
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Is there a way to explain why the employment doubled for this group?
Often huge barriers to employment are owning a phone with a consistent number, and appearance/hygiene. For someone with nothing these two things can massively help.
I mean, this is probably because having extra money to take care of yourself makes it easier to have the confidence to find work. But 500 a month is like giving someone a dollar in 2024 and saying "pay your rent, bills, utilities, also buy food, and gas for your car, and also pay your car insurance" and thinking you did something
UBI doesn't lend itself to "pilot" programs:
A Seattle-area guaranteed basic income pilot gave low-income residents $500 a month
102 participants
Employment in the group nearly doubled
So in a city with over 75,000 unemployed people, you saw at most 51 people get new jobs (didn't see how many were unemployed) and not a lot of data about a control group and how they randomly fared over the same interval. Also, to the extent the 102 participants enjoyed advantaged situation, did that come at the opportunity cost for some others outside the group?
To really try UBI, you need it pervasive and long term, like the Alaska Permanent Fund Dividend, but that's a relatively low amount.
UBI is the future ⛷️
The right only pretend to care about economics, whilst refusing to listen to its actual statements and outcomes. This is why Modern Monetary Theory is generally ignored.
Conservatism is about conserving the current social order. Individuals can move between classes occasionally, but for the most part the rich stay powerful (even when they are broke) and everyone else stays weak (even if they gain enough money to become comfortable).
So if there's an economic theory that would change that if adopted, it will be ignored until it gains popularity, at which point it will be demonized (like communism, socialism, regulation).
Its* actual statements.
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