Universal basic income to be tested in Wales
1–10 of 337 posts
Re: Universal basic income to be tested in Wales
#2The article doesn't give a single detail, so there's nothing to see, except some grandstanding on empty concepts.
Re: Universal basic income to be tested in Wales
#3[flagged]
Re: Universal basic income to be tested in Wales
#4[flagged]
Do we know that it works? Including accounting for sourcing the funds and the amount of demand-driven inflation that might result?
Re: Universal basic income to be tested in Wales
#5[flagged]
By balls, you mean money.
Look at the difficulty the service industry has now hiring people who would rather receive government relief and sit around the house than work a marginally better paying job—it’s not like they are using this time to pursue productive hobbies (pursuing their passions)... and look at the inflation and debt we’re incurring from free money
Re: Universal basic income to be tested in Wales
#6Interesting how political parties are for or against this pilot project before the results are known. What happened to gathering evidence first and then making up one's mind? There have been other projects in Canada, Finland,Kenya and the Netherlands, all with “positive” results.
It is useful to ask what you are trying to achieve with an UBI?
* lift people out of poverty?
* save money on other social schemes, like pensions, disability payments, schooling or housing subsidies?
* save money on secondary effects of poverty (like lower average health, or more mental and psychological problems)?
* make everyone's life “better” (if so, define better)?
* boost the economy?
I am going to conduct my own personal UBI experiment starting February 2022. I will be gifted €1.000 per month for 48 months... and I am thinking about maybe blogging or vlogging or instagramming about my experiences.... Any suggestions from the HN crowd?
Re: Universal basic income to be tested in Wales
#7I'm curious, can we determine from small scale tests like this whether the data we get from them is scale independent?
Re: Universal basic income to be tested in Wales
#8The 'universal' aspect of UBI is critical, and many of the attempts to test UBI seem to miss this completely. Call it something else in that case.
Re: Universal basic income to be tested in Wales
#9I'm going to assume it won't be "for life", but will instead be for some fixed period, such as 1 or 2 years. Scotland has been proposing doing a similar experiment too.
But I'm not sure what these very small scale experiments are meant to tell us, especially since several such experiments have already been done. I can't help but be cynical and think this is governments offering platitudes to those in favour of UBI, running experiments designed to produce the outcomes the government wants.
Realistically, the behaviour of someone receiving monthly payments for a known fixed term is going to be radically different than that of someone who knows they are going to receive that payment for life, and that it will increase online with inflation or the CPI (Consumer Price Index).
Re: Universal basic income to be tested in Wales
#10I'm curious, can we determine from small scale tests like this whether the data we get from them is scale independent?
You can’t. But UBI-supporters don’t let that get in the way.