Finland's preliminary results of UBI experiment finds money for nothing won't make us work less. It also showed that its perceived health and stress levels are significantly better. This is early data but nonetheless a significant moment as global interest gathers in basic income.

  1. That's the point, the argument against it prior to the experiment was that UBI would result in more people choosing to avoid jobs than normal benefits, but the employment rate remained the same, while the individuals physical health and mental wellbeing actually improved.

  2. Presumably at some point people who are unemployed will look for and get work. This study would indicate that they look for and accept work at the same rate as others.

  3. First, a tiny and self-selecting minority answered the questions: under a quarter of recipients. Second, it is know within countries and across a range of countries that well-being rises with income.So it is hardly a surprise that people given free money feel happy. You would, wouldn't you?

  4. There is a US presidential candidate for 2020 called Andrew Yang advocating for universal basic income as a solution for the imminent automation wave. If you don't agree with universal basic income, I would at least listen to what he has to say before making up your mind.

  5. Oh please... just don't try to sugar-coat it with your "won't make us work less" — UBI didn't make people get more jobs, thus the experiment failed, showing that UBI is not a good tool for stimulating upward mobility.

  6. Was the aim of the experiment for people to get more jobs? I thought it was to see outcomes like if they'd start businesses for themselves, etc.

  7. But they didn’t work less either. So if your hypothesis is UBI makes people lazy and quit their jobs that was disproven too. If you want UBI to increase people’s quality of life, reduce stress and have the same amount of workers as now this study bolsters that.

  8. Imagine the cost of living increase that would occur in the states though, unless there are laws passed to block the crazy hike in prices that every day items will have. Not to mention rent and stuff like that.

  9. The UBI will only be practical once at least 50% of the workforce has been replaced by robots. Which will likely happen when the economy crashes again in the next decade. Because cents per hour in electricity is far more efficient than paying minimum wage.

  10. “Additionally, requiring unemployed people to continually prove they are looking for work creates a lot of stress for them, which is bad for their health and may mean they are less likely to be able to find work. It also creates bureaucracy for the state.”

  11. It's true though. People despise desperation and are always looking to score what someone else already has especially in the business world.

  12. I understand the implications of settling for a job can be similar to that as settling with a partner. Both parties are unhappy and, as a result, the union isn't as productive had more time and discretion been given to find an ideal fit rather than a "pole and a hole". If I have a bunch of Olympic athletes but don't let them play their sport, I shouldn't expect record breaking performances. Frankly, record breaking performances (that won't get the participants disqualified - that is literally in the bible) are what the world needs.

  13. UBI should exist to increase economic security to the individual, not free up time for other activities.

  14. Look, the experiment failed. As it turns out giving unemployed people money does not incentive them to get work. It does decrease the stress of being poor though. If they really want a good experiment try doing it with people who are employed and are used to a standard of living that requires a decent paycheck.

  15. That wouldn't actually achieve anything. Giving out free money to people who already have money doesn't incentivise anything.

  16. I can tell you this for sure. I'm a producer. The more taxes you pile on my wages, the less inclined I am to keep working. At some point, I'm going to quit my job and live on the dole. Hoped that going to affect your equations?

  17. Sounds like you’re not very passionate about the work you do. If you can manage to qualify for the government assistance and you’re okay with a poverty lifestyle, I’d say go for it. It’s not very fun and you start looking for things to do with your time pretty quickly.

  18. That experiment wasn't a BI experiment. They replaced the unemployment money people got with a payment instead, and the goal was to lower the cost for the state, not help anyone. It was supposed to be real BI experiment but it was torpedoed by among others the Bush Finns (or whatever the ignorant neo-nazis are called) who somehow got into government.

  19. I would like to point out that people "live up to" the level of income that they bring home. Meaning, if I make $50k/year, and I receive a UBI of $50k/yr, I will be living as though I made $100k/yr, because technically, I do.

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