Quote:
Originally Posted by ITraffic
While one kneejerk reaction is to argue that free money creates a lazy working class, research suggests the opposite is true. Supported by the financial safety net, people in one 2013 study actually worked 17% longer hours and received 38% higher earnings when basic income was given a shot.
|
One explanation I've seen suggests that overall productivity can improve because people are willing to take more risks. Those that are living week to week in a job they hate are not in a position to move to something better because of the potential downward spiral of their finances if their income stops for more than a few weeks.
I guess the flipside is that people who are working shitty minimum wage jobs would also be able to move on, or perhaps even just stop working altogether.