TL;DR - The document discusses the results of a universal basic income (UBI) trial in Canada, which was conducted in Southern Ontario between 2017 and 2019. The trial, which was cancelled prematurely, showed that participants experienced improvements in mental health, housing stability, and social relationships, as well as reduced visits to hospitals and doctors. The UBI payments, which were designed to reduce poverty and encourage work, were found to have a positive impact on participants’ physical and mental well-being, with many reporting decreased use of alcohol and tobacco. The trial also dispelled concerns that UBI would lead to unemployment, with only 17% of participants leaving their jobs and nearly half of those who stopped working returning to school or university to up-skill. The report suggests that UBI could be a useful public health strategy and that the safety net provided by the UBI project helped participants find better jobs with higher wages and improved working conditions. [AI Summary]
I imagine it would improve wages as employers would need to properly incentivise people to return to those jobs. Probably why UBI hasn’t made it past a trial yet.
Yes, but that’s the textbook definition of inflation (being forced to raise wages because the salary becomes less valuable). I’m not sure if that’s really the goal here.
I can understand the case for UBI, but so far most trials have been quite small in scope… that means few national effects have been properly observed.
TL;DR - The document discusses the results of a universal basic income (UBI) trial in Canada, which was conducted in Southern Ontario between 2017 and 2019. The trial, which was cancelled prematurely, showed that participants experienced improvements in mental health, housing stability, and social relationships, as well as reduced visits to hospitals and doctors. The UBI payments, which were designed to reduce poverty and encourage work, were found to have a positive impact on participants’ physical and mental well-being, with many reporting decreased use of alcohol and tobacco. The trial also dispelled concerns that UBI would lead to unemployment, with only 17% of participants leaving their jobs and nearly half of those who stopped working returning to school or university to up-skill. The report suggests that UBI could be a useful public health strategy and that the safety net provided by the UBI project helped participants find better jobs with higher wages and improved working conditions. [AI Summary]
To be fair, if 8% exits the labour market that would have a pretty severe economic effect, no?
I imagine it would improve wages as employers would need to properly incentivise people to return to those jobs. Probably why UBI hasn’t made it past a trial yet.
Yes, but that’s the textbook definition of inflation (being forced to raise wages because the salary becomes less valuable). I’m not sure if that’s really the goal here.
I can understand the case for UBI, but so far most trials have been quite small in scope… that means few national effects have been properly observed.