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I am all for research into basic income -- and in fact a big believer. However I take a HUGE issue with reading too much into the viability of the system based
by stanfordkid 11y ago
I am all for research into basic income -- and in fact a big believer. However I take a HUGE issue with reading too much into the viability of the system based upon research done on small sample sizes:
"Our idea is to give a basic income to a group of people in the US for a 5 year period"
There is emergent behavior that arises in the economy as a function of the number of people given a stipend or living wage. For profit colleges are the perfect example. If grants are given to a small set of people the scale of demand necessary for such businesses to exist is insufficient. Crank up the number of people and a new market is created that allows for the existence of predatory "for profit" college businesses that take advantage of funds that would have otherwise been allocated properly.
- johndevor 11y agoHow can it be possible to run an experiment on basic income when participants know it will end in five years? The knowledge of it ending will change their behavior and encourage them to remain working.
- stanfordkid 11y agoThis is another great point!