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Benefits/Pitfalls of a guaranteed basic income as proposed by the Canadian government
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OntarioCanuck
Posted 3/3/2021 08:41 (#8869913 - in reply to #8867795)
Subject: Examples


North of London

I see lots of opinions in the posts but I was curious where or if there were any good examples of guaranteed incomes being used because I knew a test of some ares in Ontario were cancelled when government changed and had not been operating long enough to get any good reliable results so found this article

https://www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map

With a few exceptions — Kenya, where a big experiment in universal basic income (UBI) is underway; Iran, which has a nationwide unconditional cash transfer program; and Alaska, which gives an annual dividend to everyone in the state — basic income programs are offering money to small groups of a few hundred or a few thousand people, not an entire polity. In other words, they offer a basic income, but not a universal basic income.

These small-scale trials are necessary because governments want to have a good sense of what the effects will be before they start shelling out many billions or trillions of dollars. Proponents of basic income argue it’s the best way to end poverty: Just give everyone money! Some also say it’ll help society cope with a coming era of automation-induced joblessness. And the evidence so far suggests that getting a basic income tends to boost happinesshealthschool attendance, and trust in social institutions, while reducing crime.

And among the examples is Alaska which has been giving everyone an annual payment since 1982


.https://www.vox.com/policy-and-politics/2018/2/13/16997188/alaska-basic-income-permanent-fund-oil-revenue-study


There really isn’t much difference. Some years Alaska has higher employment than its synthetic counterpart, other years it doesn’t, but overall, they remain very close to each other. The cash payments don’t appear to have much effect.

To test how robust their findings are, Jones and Marinescu also compared Alaska’s employment rate to that of every single other state as well as DC, using every year of data they have, from 1977 to 2014. That’s 1,836 comparisons. The average difference between Alaska and other states in all those comparisons is -0.0004, vanishingly close to zero. That implies that their results aren’t just an artifact of which states they chose to be part of “synthetic Alaska.” The state just didn’t become an outlier with unusually high or low employment as a result of the Alaska Permanent Fund dividends.

They repeat the analysis for labor force participation — the share of the population either working or unemployed and actively looking for work — and similarly find no difference.

Where they do find a difference is part-time work, which increases in Alaska, compared to synthetic Alaska, after the cash payments are introduced:


Much    more in these articles that I    have not delved into yet. 

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