Bad News for Universal Basic Income

The reason reports the largest study into the real-world consequences of giving people an extra $1,000 per month, with no strings attached, has found that those individuals generally worked less, earned less, and engaged in more leisure time activities.

So, free time is good [and] guaranteed income recipients use some of the money to free up time," argued Damon Jones, a professor at the University of Chicago's school of public policy, on X. "The results are bad if you want low-income people to be doing other things with their time, for example working.

Read the full article https://reason.com/2024/07/25/bad-news-for-universal-basic-income/