July 25, 2024 Reason magazine reported on a new working paper about the potential downsides to universal basic income (UBI) programs after studying the effects of a $1,000/month stipend over three years. The article quotes Prof. Damon Jones comment on X. 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 here: https://reason.com/2024/07/25/bad-news-for-universal-basic-income/ Faculty Spotlight Damon Jones Associate Professor Damon Jones conducts research at the intersection of three fields within economics. Upcoming Events More events Harris Summer Mixer in Beijing Fri., July 18, 2025 | 6:00 PM Maison Flo 18 Xiaoyun Rd Chaoyang Qu Beijing Shi, 100027 China Harris Summer Mixer in Jakarta Sat., July 19, 2025 | 4:30 PM Rusty Rabbit | Plaza Festival, Jl. H. R. Rasuna Said No.22 Kav. C, Karet Kuningan, Setiabudi Jakarta Selatan, DKI Jakarta 12940 Indonesia Harris Summer Open House Mon., July 21, 2025 | 9:30 AM Harris School of Public Policy Keller Center 1307 E. 60th St. Chicago, IL 60637 United States