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> 'happier but jobless' That's a very misleading title. > Universal basic income, or UBI, means that everyone gets a set monthly income, regardless of means.
by eeZah7Ux 8y ago
> 'happier but jobless'
That's a very misleading title.
> Universal basic income, or UBI, means that everyone gets a set monthly income, regardless of means. The Finnish trial was a bit different
That's a huge difference. It encourages some of the unemployed people to stay unemployed. That's called "poverty trap".
This was not real UBI. Also, a 2-year long trial can be very misleading. People take very different choices knowing that they'll receive UBI for 2 years, or 10 years, or their whole life.
- RIMR 8y agoVery true. There's always the fact that Finland isn't exactly poverty-stricken as a country. I would like to see this repeated on some real impoverished communities, with a guarantee of income for life, to see if they become more productive as a result.
- zozbot123 8y agoThe only difference the article mentions is that the experimental subjects were chosen among people getting unemployment benefits. What this suggests is that if you're on unemployment to begin with, differential incentives do not have a detectable impact on whether you'll find a job - that's all. It's saying that incentives aren't everything, at least on a 2-years-out scale.