Study Reveals Impact of Universal Basic Income on Work Hours and Leisure Activities, Sparking Debate among Supporters and Critics
According to the report of The Telegraph, a recent study on Universal Basic Income (UBI) showed that people who received unconditional cash payments worked less and spent more time on leisure activities. Over three years, the study found that those who got the payments were slightly less likely to have a job, and those who did work put in about 1.3 hours less each week compared to those who didn’t get the money. While Universal Basic Income is seen as a way to reduce income inequality, the study’s results about reduced employment levels have sparked discussions among both supporters and critics.
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1.3 Fewer Hours Worked: Groundbreaking Study Reveals Surprising Impact of Universal Basic Income on Employment and Leisure Time (PHOTO: UChicago News – The University of Chicago)
Andrew Yang’s ‘Freedom Dividend’ Proposal for Universal Basic Income Sparks Debate on Work Incentives and Income Equality
During the 2020 US election campaign, entrepreneur Andrew Yang promoted the idea of a “Freedom Dividend,” which involved giving $1,000 every month to all adult Americans regardless of their job status. While UBI received support from some tech leaders like Elon Musk and Jack Dorsey, critics raised concerns about its potential to discourage work and worsen income inequality. The ongoing debate surrounding Universal Basic Income reflects differing opinions on how universal cash payments could affect employment incentives and societal dynamics.
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