31 sats \ 1 reply \ @south_korea_ln 3h
How does this contrast with existing studies in the topic? I haven't really read up on that...
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0 sats \ 0 replies \ @SimpleStacker 2h
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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37 sats \ 0 replies \ @Winitober 1h
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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10 sats \ 2 replies \ @Cje95 3h
If we keep trying it’ll work
- Some Idiot Somewhere
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0 sats \ 1 reply \ @DEADBEEF 3h
“You didn’t try the real UBI. This time it will be different.”
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0 sats \ 0 replies \ @Cje95 2h
Ahhh yes much better!
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0 sats \ 0 replies \ @Bee_Aye 2h
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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0 sats \ 0 replies \ @rebel_nomad 2h
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 \ 0 replies \ @OT 2h
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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