Would Universal Basic Income be an effective policy?

Most Validated

Alaskans receive a dividend from the Alaska Permanent Fund. The payouts have not raised unemployment—they've grown demand for labor.

A University of Chicago report shows the dividend has had no significant effect on employment. The size of the payouts ($2,000 per person) was is not enough to make Alaskans leave their jobs. Alaskans have tended to spend more, which has in turn increased demand for service jobs.

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Less Validated

The Alaskan basic income has not affected employment because payouts are yearly, not monthly.

UBI should be paid month by month. In Alaska, dividends are payed annually, not monthly. That's why there has been no significant effect on employment. Also, dividend payouts are too small.

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Unchallenged

Automation will lead to mass unemployment. Universal Basic Income is our best hope of avoiding catastrophe.

Robots are not just becoming more prevalent. The cost of robot implementation in factories, for example, is also decreasing. Therefore, the value of human labour is decreasing. UBI is not about utopia. It's about sustaining human income.

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Most Validated

A Universal Basic Income policy would encourage a culture of dependency.

UBI would create an improper balance between assistance and incentives, and encourage dependency on welfare. Past expierments in North America in the 1960s and 1970s have shown that recipients reduce the hours they work when they receive a basic income.

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Less Validated

There's mounting evidence that UBI would spur entrepreneurship.

The charity GiveDirectly, which gives money unconditionally to villagers in Uganda and Kenya, have seen recipients use the money they receive to become entrepreneurs—to grow their money. Many have started businesses, increased their assets and made long-term investments.

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All a Universal Basic Income would do is cause inflation and raise the cost of living. The policy idea is pointless.

Giving everyone money would cause inflation, or even hyperinflation, and in doing so create a new zero. There would be an increase in demand on the same amount of goods. The policy would thus leave nobody better off as everything—food, rent, etc.—would simply cost more.

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Less Validated

Universal Basic Income wouldn't cause significant inflation because it would be making use of money already in existence within the economy.

UBI would recirculate cash, not fabricate it. Also, demand would not necessarily increase as goods would just be paid for with UBI cash rather than things like food stamps, which people currently rely on.

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