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COMMENTARY: Generation Z should fear a guaranteed income


By Allison Schrager
IT’S A simple, utopian idea. If we give everyone a monthly check, we can eliminate poverty and do away with the inefficiencies of our cumbersome and flawed welfare state.
Minneapolis is the latest city to give a “universal basic income” (UBI) a try. It’s offering $500 a month for 18 months to 150 of its low-income residents with no work or spending restrictions.
But others worry that it’s not so simple. A universal basic income would be expensive, and what if it discourages people from working, which could inadvertently increase inequality and lead to social instability?
A new paper suggests the skeptics may be right: UBI may cause more harm than good for a very high cost. ....

United States , Allison Schrager , National Bureau Of Economic Research , Alaska Permanent Fund , Alaska Permanent , National Bureau , Economic Research , ஒன்றுபட்டது மாநிலங்களில் , அல்லிசன் ஸ்க்ராகர் , தேசிய பணியகம் ஆஃப் பொருளாதார ஆராய்ச்சி , அலாஸ்கா நிரந்தர நிதி , அலாஸ்கா நிரந்தர , தேசிய பணியகம் , பொருளாதார ஆராய்ச்சி ,