{"id":15556,"date":"2024-12-02T20:01:27","date_gmt":"2024-12-02T20:01:27","guid":{"rendered":"https:\/\/lonecandle.com\/?p=15556"},"modified":"2024-12-02T20:01:27","modified_gmt":"2024-12-02T20:01:27","slug":"universal-basic-income-shows-why-giving-people-free-money-doesnt-work","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=15556","title":{"rendered":"Universal Basic Income Shows Why Giving People &#8216;Free Money&#8217; Doesn&#8217;t Work"},"content":{"rendered":"\n<p>&#8220;big study gave 1,000 low-income people $1,000 per month for three years\u2014no strings attached. What happened?<\/p>\n\n\n\n<p>Not the great things that were promised. After three years of getting $1,000\/month, UBI recipients were actually a little deeper in debt than before.<\/p>\n\n\n\n<p>Why? Because&nbsp;<a href=\"https:\/\/reason.com\/2024\/07\/25\/bad-news-for-universal-basic-income\/\" target=\"_blank\" rel=\"noreferrer noopener\">they worked less<\/a>. Their partners did, too.<\/p>\n\n\n\n<p>Some recipients talked about starting businesses, but few actually tried it. Most who said they did start a business waited until the third year of the study\u2014when their free money was about to end.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-reason-com wp-block-embed-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"pBR5hbX8Pu\"><a href=\"https:\/\/reason.com\/2024\/10\/09\/universal-basic-income-shows-why-giving-people-free-money-doesnt-work\/\">Universal Basic Income Shows Why Giving People &#8216;Free Money&#8217; Doesn&#8217;t Work<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Universal Basic Income Shows Why Giving People &#039;Free Money&#039; Doesn&#039;t Work&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/10\/09\/universal-basic-income-shows-why-giving-people-free-money-doesnt-work\/embed\/#?secret=6uDSe0SVlm#?secret=pBR5hbX8Pu\" data-secret=\"pBR5hbX8Pu\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;big study gave 1,000 low-income people $1,000 per month for three years\u2014no strings attached. What happened?<br \/>\nNot the great things that were promised. After three years of getting $1,000\/month, UBI recipients were actually a little deeper in debt than before.<\/p>\n<p>Why? Because they worked less. Their partners did, too.<\/p>\n<p>Some recipients talked about starting businesses, but few actually tried it. Most who said they did start a business waited until the third year of the study\u2014when their free money was about to end.&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/10\/09\/universal-basic-income-shows-why-giving-people-free-money-doesnt-work\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[798,7,217,165,411,893],"class_list":["post-15556","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-business","tag-debt","tag-economics","tag-economy","tag-policy","tag-universal-basic-income"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15556"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15556\/revisions"}],"predecessor-version":[{"id":15557,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/15556\/revisions\/15557"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}