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 Research and Innovation Bootcamp (PRIB) Policy Hackathon Challenge Deep Dive Tue., February 10, 2026 | 12:00 PM Preparing for Harris: Teaching Assistantships Wed., February 11, 2026 | 8:30 AM Coffee Chat in Western Massachusetts Wed., February 11, 2026 | 9:00 AM Tunnel City Coffee 100 Spring St #102 Williamstown, MA 01267 United States