Posted on 07/23/2024 3:55:52 AM PDT by hardspunned
(The Center Square) - Giving Americans $1,000 per month makes them worse off, says a new three-year, 3000-participant study. The National Bureau of Economic Research’s massive study found recipients and their partners work and earn less, with the negative effect on wages and earnings getting worse over time.
While proponents of universal basic income theorized such programs would improve non-economic metrics for recipients, the study surprisingly showed only leisure time increased as recipients spent less time on sleeping, child care, community engagement, caring for others, and self improvement. Transfers also reduced recipients’ non-transfer incomes significantly, with the study finding “for every one dollar received, total household income excluding the transfers fell by at least 21 cents, and total individual income fell by at least 12 cents.”
(Excerpt) Read more at justthenews.com ...
Ya don’t say. /s
I see ‘the pajama club’ in the grocery stores on half of my outings when it’s late enough in the day.
You can always tell based upon their dress, plump factor and unkempt manner.
The proposal moves socialism beyond a mere slow walk and would indisputably accelerate both our decline and transition to USSA under new ‘paper’.
The more one has invested, the sweeter the payoff when the day is done and the job is finished.
Agreed. I still remember LBJ’s WAR ON POVERTY. Yet we still have poor not willing to work but looking for a handout on street corners everywhere.
A democrat will tell you, “It’s free.”
I have a relative who gets SSI and it is enough to rent a room in a house and have access to the rest of the place. They have refused to work a full or part time job for some 20 years since getting SSI which is about $800 a month.
I don't know what it is in psychological terms (Jordan Peterson probably does), but there is something about a small stipend that often devastates human ambition (and I am referring to "ambition" of the good sort).
This feature of humans might also be the fundamental reason why communism is such an abject failure. In other words, it isn't just the lack of personal opportunity that kills communism. There seems to be something magically destructive to the human psyche about having just enough to get by.
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