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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: 2) by Runaway1956 on Wednesday March 11 2020, @02:48PM (2 children)
BINGO!!! We have a winner! We have seen the same thing with welfare, of course. The more money Uncle Sam spends to ensure that everyone can afford a gallon of milk every day, the more expensive the milk gets. If Uncle spent no money buying groceries on all his illegitimate children, the price of commodities would drop. Drop a lot. And, while those prices were dropping, average working class families could improve the quality of their live, and have more money to spend, thereby creating more jobs.
Welfare tends to stagnate the economy, and society. UBI is just another welfare scheme.
(Score: 2) by Reziac on Thursday March 12 2020, @03:51AM (1 child)
The positive side of UBI would happen IF it replaced the entire gov't-welfare industry/bureaucracy. Of course, then you'd have a couple million useless people out of work, but, tradeoffs...
And there is no Alkibiades to come back and save us from ourselves.
(Score: 0) by Anonymous Coward on Thursday March 12 2020, @06:54AM
They could take the jobs of everyone who drops out of the workforce to live on the UBI. I think bureacrats are currently paid more than a UBI, so that is a net win.