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 Policy Outlook: The Global War on Fentanyl Wed., December 03, 2025 | 5:30 PM University of Chicago, Harris School of Public Policy 1307 E. 60th St. The Keller Center, Forum CHICAGO, IL 60637 United States UChicago Harris Coffee Chat in Seoul Thu., December 04, 2025 | 3:00 PM TBD Gangnam-gu Seoul 00000 South Korea Coffee Chat in Bangalore Thu., December 04, 2025 | 5:30 PM The Merak Brewhouse Level H, Jw Marriott Hotel, 24/1, Vittal Mallya Rd, KG Halli, Shanthala Nagar, Ashok Nagar Bengaluru 560001 Karnataka India