{"id":602996,"date":"2019-04-11T04:10:59","date_gmt":"2019-04-11T04:10:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/universal-basic-income-experiment-reports-positive-results\/"},"modified":"2019-04-11T04:10:59","modified_gmt":"2019-04-11T04:10:59","slug":"universal-basic-income-experiment-reports-positive-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/universal-basic-income-experiment-reports-positive-results\/","title":{"rendered":"Universal basic income experiment reports positive results"},"content":{"rendered":"

Who would ever implement such a hippie, socialist policy as the gov\u2019t handing out money? The Finns<\/b>. Far from being a newfangled idea, universal basic income (UBI) \u2014 or the idea that government should pay its citizens a living wage whether or not they work \u2014 is a key tenet of Sir Thomas Moore\u2019s 1516 book \u201cUtopia,\u201d and it\u2019s about to go mainstream, writes Wired<\/a>.<\/p>\n

Money for nothing?<\/b> One of the world\u2019s first major experiments in UBI has produced promising results, writes Vox<\/a>. For two years, a group of 2,000 randomly selected unemployed people received a monthly check of EUR 560 in the hope that participants would find work. The money didn\u2019t make recipients more likely to join the workforce<\/b>, but they reported less stress than the control group. This was true even of participants who still struggled to make ends meet after the EUR 560. Recipients of basic income also reported greater trust in other people and in public institutions like courts, politicians, and the police. Versions of a UBI policy are being discussed in India, Scotland, and recently, the US. The implications for such a program in the States, where college grads are selling stakes in their future salaries to Wall Street<\/a> to avoid mountains of student debt, could be huge.<\/p>\n","protected":false},"excerpt":{"rendered":"

Who would ever implement such a hippie, socialist policy as the gov\u2019t handing out money? The Finns. Far from being a newfangled idea, universal basic income (UBI) \u2014 or the idea that government should pay its citizens a living wage whether or not they work \u2014 is a key tenet of Sir Thomas Moore\u2019s 1516 […]<\/p>\n","protected":false},"author":1,"featured_media":602997,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,313,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-finland","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"41c0790e-767b-4cbe-9245-4c966d6c8f63","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/4\/690.jpg","photo_position":"above","related_issue":[602968],"teaser":"","voice_url":""},"yoast_head":"\nUniversal basic income experiment reports positive results - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/universal-basic-income-experiment-reports-positive-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal basic income experiment reports positive results\" \/>\n<meta property=\"og:description\" content=\"Who would ever implement such a hippie, socialist policy as the gov\u2019t handing out money? The Finns. 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