Universal basic income is an approach to economic security in which the government provides everyone with some money, regardless of work, no strings attached. Advocates say the system could be a smart and straightforward way to lift millions out of poverty. Doubters argue that recipients will waste the money, or stop working.
Several studies have shown that when people receive cash, they don’t blow it on alcohol or stop working. Instead, they invest it in things that improve their incomes, security, and psychological well-being. These results suggest that this is a serious idea, but we’ve only just begun evaluating its potential. Now we need to test universal basic income at an unprecedented level of rigor and ambition. Click below to learn more.