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from the Having-UBI-would-afford-more-time-to-spend-supporting-SoylentNews dept.
The fine folks at the CBC bring us the following report:
Participants in Ontario's prematurely cancelled basic income pilot project were happier, healthier and continued working even though they were receiving money with no-strings attached.
That's according to a new report titled Southern Ontario's Basic Income Experience, which was compiled by researchers at McMaster and Ryerson University, in partnership with the Hamilton Roundtable for Poverty Reduction.
The report shows nearly three-quarters of respondents who were working when the pilot project began kept at it despite receiving basic income.
That finding appears to contradict the criticism some levelled at the project, saying it would sap people's motivation to stay in the workforce or seek employment.
That's an interesting way of looking at it. An alternative viewpoint could be that over a quarter of the people who were working before the UBI trial stopped working. Unclear are the benefits that resulted from their new spare time — such as providing support to an ailing family member.
(Score: 5, Insightful) by Gaaark on Wednesday March 11 2020, @11:09AM (1 child)
"The price of bread isn't going up, because any supplier who increases their price is going to be driven out of business by competition from all the cheaper suppliers."
That works in a Capitalist economy: what we have today is a sort of Neo-capitalism...you buy up all your competition (which the government allows because you've bought them) so there are really only 3 big suppliers. You then collude (which the government allows because...) to keep the price profitable for all 3.
Capitalism means INCREASED competition: today, the big 3-ish buy up their competition to fix prices/reduce services/reduce labour/keep salaries-hourly-rates low which the government supports with food stamps, etc.
I support Capitalism...which we do not have today.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 0) by Anonymous Coward on Friday April 03 2020, @03:09PM
But the price of bread is going up, both per loaf and per weight.