Earlier quoted context omitted.
> they would be making projects, business ventures, or volunteering This is not what actually happens in practice. There is no sudden outbreak of productive activity because people have more free time. If this was going to occur there would be mountains of empirical evidence for it by now because this situation isn't rare. I know many people with a lot of free time. In the vast majority of cases, people spend their f…
> There is no sudden outbreak of productive activity because people have more free time. I can't recall which studies they were, but I was under the impression that with a sudden expansion of free time, the earliest productivity gains don't occur until months later at the earliest. I think the effect came up in long-term UBI trial participants, and those that acquired sudden wealth from inheritance / lottery / stocks…
The failure of UBI trials to show these effects has been one of the noteworthy developments in the UBI topic in recent years.
There were several studies that tried really hard to demonstrate that UBI would increase the rate of business creation and similar metrics. The last one I remember reading was trying to show that the long-term cash recipients reported a marginally higher rate of thinking about maybe starting a business, but they weren't actually doing it.