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185 sats \ 1 reply \ @south_korea_ln 24 Oct 2024
How does this contrast with existing studies in the topic? I haven't really read up on that...
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42 sats \ 0 replies \ @SimpleStacker 24 Oct 2024
I know of at least one other study showing that (surprise) free money disincentivizes work:
https://www.sciencedirect.com/science/article/pii/S0304407607001182
One critique of both studies could be that the populations that were studied already have marginal attachment to the workforce and are unlikely to find jobs they consider meaningful.
I'd imagine that giving income to single mothers who are motivated to better their lives, or a young college grad thinking about starting a business, might have different effects, for example.
I don't know of the specific citations, but the prevailing wisdom among center-left liberals is that giving people money helps them afford things like gas, childcare, and education which allows them to better their lives.
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79 sats \ 4 replies \ @rebel_nomad 24 Oct 2024
Nature has always provided UBI, be it mangoes in easier areas on the globe or whatever you can hunt in the snow up North...
Or a sewer rat in big cities, those are up for grabs for the hungry!
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0 sats \ 3 replies \ @kepford OP 24 Oct 2024
Is that really UBI? Seems to me it requires work. Picking and hunting.
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0 sats \ 2 replies \ @rebel_nomad 24 Oct 2024
Its universal, because nature is hunt or be hunted
Its basic, well because a sewer rat is very basic food
And its honestly earned income, through picking and hunting yes!
All you need is to remove the state & build a huuuuge wall around all large cities in the West ;-)
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0 sats \ 1 reply \ @kepford OP 24 Oct 2024
lol. So nothing like UBI.
UBI is more like a caged animal in a zoo.
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0 sats \ 0 replies \ @rebel_nomad 24 Oct 2024
Well, that is what I'm trying to do, rebrand it as something sane & sustainable! ;-)
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119 sats \ 0 replies \ @BeeAye 24 Oct 2024
you call that a big study? just you wait my State of Oregon might pass the largest ubi experiment to date in 2 weeks 🫠
if passed, beyond ngmi
https://www.opb.org/article/2024/10/02/measure-118-universal-basic-income-gives-oregonians-more-money-at-a-cost/
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45 sats \ 0 replies \ @TheBTCManual 24 Oct 2024
Lol and that kids is how you get inflation double whammy, more money driving down the need to work, the need to work drives down the production of goods and services and the doom loop continues
But yeah lets do more tests, MOAR!!! Our little Potemkin village isn't a good enough sample, make it bigger, throw more money at it lol
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47 sats \ 1 reply \ @Winitober 24 Oct 2024
This behavior is not surprising when viewed through the lens of Austrian theory. The disutility of labor has been a known phenomena in Austrian economists for decades.
When individuals receive financial support without the need for work, they choose to minimize their labor participation. Recipients of UBI worked less and experienced longer unemployment durations. When basic needs are met through cash transfers, the disutility of labor outweighs its benefits. This is a key tenet of Austrian economics: if the costs of working—whether in time, effort, or stress—exceed the perceived rewards, individuals will opt for leisure.
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69 sats \ 0 replies \ @SimpleStacker 24 Oct 2024
I don’t even think you need Austrian economics for this, just regular economics would predict the same thing
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10 sats \ 2 replies \ @Cje95 24 Oct 2024
If we keep trying it’ll work
- Some Idiot Somewhere
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34 sats \ 1 reply \ @DEADBEEF 24 Oct 2024
“You didn’t try the real UBI. This time it will be different.”
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0 sats \ 0 replies \ @Cje95 24 Oct 2024
Ahhh yes much better!
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10 sats \ 3 replies \ @OT 24 Oct 2024
I wonder how sub cultures would deal with UBI. Like would savers just put it in the bank? Gamblers gamble it away? I'm sure we all know what bitcoiners would do.
I'm actually pro UBI. Its the fastest way to hyperbitcoinization!
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0 sats \ 2 replies \ @Solomonsatoshi 24 Oct 2024
'Its the fastest way to hyperbitcoinisation'
You mean it will collapse the fiat system faster via the printing of all that fiat to fund the UBI?
Not sure about that as many UBI promoters want to cancel all targeted welfare once their UBI is in place. In many cases people in the most need (as assessed under current welfare programs) would get less assistance under a UBI system...
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10 sats \ 1 reply \ @OT 24 Oct 2024
Yes
The effects on current welfare is probably beyond my pay grade. However, countries that have no welfare usually depend on their family more. That might not be such a bad thing.
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10 sats \ 0 replies \ @Solomonsatoshi 24 Oct 2024
I agree.
Living in New Zealand we had one of the first state funded welfare systems in the world- it was specifically designed to support men who had come here in the 1860s-80s gold rush and were now old, and had no family.
There is a limited place for state funded welfare, IMO, but it easily gets out of control.
It can too easily be a cause of family breakdown and unhealthy dependency.
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0 sats \ 0 replies \ @denlillaapan 24 Oct 2024
three people independently sent me this article. Lol, guess I'm jaaacked in
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