"The results are bad if you want low-income people to be doing other things with their time, for example working."
I don't care if they're working or not, personally.
this post was submitted on 25 Jul 2024
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Multiple issues with this article (and maybe the underlying study).
No mention of the sampling strategy - what were their average hours of work per week ? What was the average income (not including $1000 from the UBI)
Why is productivity measured as # hours worked? I can sit on my ass without doing anything or I can bust my butt to get shit done. It's a lot easier to generate good work (and do more with fewer hours) when I'm not stressed about where my rent is coming from.
What about other outcomes besides work? How about amount of savings and ability to cover unexpected expenses? It's certainly a good thing for people to get some savings for emergencies, job loss etc even if the benefits aren't seen in the economy for a while. But even if people are spending that money it still supports the economy regardless of whether it is done in the name of leisure or to get a new job.
Researchers found that giving people $1,000 every month for three years resulted in decreased productivity and earnings, and more leisure time.
Oooo nooooooooooo more leisure time?!? Less pointless grinding???
Oh the huge manatee!!
We should definitely give all that money to billionaires and their hiers... those folks know the meaning of grindset! /s
In capitalism, there is an upward funnel through which money goes from the poorest to the richest. You need a way to take some off the top and inject it back at the bottom of the funnel to keep everything working. Jobs are part of that, but clearly that alone isn't working.
Whether it's through UBI or public services or whatever, there has to be a way to keep that money churning.
I don't know. I'm not an economist, but that seems to be a fundamental flaw in the current system. When the rich have all the money (envisioning a far off day when AI really can do all our jobs) the economy breaks and we are forced to throw all the wealth (and the wealthy) into a big volcano. Which honestly doesn't sound all that bad, but it'll be painful between now and then. I think UBI is a potential fix.
I also think it needs to be thought out really, really hard. Because there are people out there waiting to prey on the unsophisticated with their payday loans and their buying annuities (what else is UBI, really?).
Or do away with capitalism but I'm old and that sounds scary.
I think negative income tax is more suitable for application and has less cons than UBI.
It'll trickle down eventually! I've been waiting for it to happen since the Reagan Administration, but just be patient!
Fuck Reason. Bunch of Libertarian bullshit. Don't believe a word they say.
Yeah - fuck those guys reporting on research done by the National Bureau of Economic Research and agreeing with the concluding opinion that "the study shows participants were better off, despite the decline in working hours and earnings. Indeed, maybe that's the whole point?" and "One person wants to learn new skills or start a business? Great! Others want to play video games all day? Awesome.".
But think of the GDP!
I'm not seeing them agreeing with it. I'm seeing them call it bad news and a failure.
Propaganda is against the rules. OP has been turboposting articles from VOA and other heavily biased sources. Seems like a violation to me.
They kept insisting VOA had journalistic integrity even after I pointed out that they're run by the same organization whose brief is to broadcast American propaganda to Cuba.
They should have named it "Rationalization".
