Thread by @Athan_K

A lot happened in July.

But, one event went quietly unnoticed.

The result of largest American controlled experiment in Universal Basic Income (UBI) was released.

You haven’t heard about it because the findings are terrifyingly bad. (1/12)

It was funded by the founders of ChatGPT, presumably to mitigate the potential job losses anticipated through AI and AGI. (2/12)

1,100 randomized households making under $29,900 were given $1,000 per month for three years. Essentially, their income increased by 40%. The UBI participants lived in urban, suburban and rural towns in Texas and Illinois. (3/12)

Result 1: UBI participants ended up earning $1,500 less despite being given $12,000 more annually. For every one dollar received, total household income dropped by at least 21 cents. (4/12)

Result 2: UBI participants stayed unemployed for an extra month compared to those unemployed in the control group. (5/12)

Result 3: UBI participants worked less and there were no substantive changes in quality of employment. UBI participants did little to improve their education or training to improve their income. (6/12)

Result 4: UBI participants self-reported increased rates of disability to limit the work they can do. (7/12)

Two ways to look at these results. (8/12)

The American Underclass is so worn down that when thrown a life preserver, they could only float rather than paddle to safety. UBI advocates will argue that $1,000 per month wasn’t enough. (9/12)

Or, Universal Basic Income and its collectivist derivatives are never enough. Work is intrinsically tied to human dignity, happiness and progress. (10/12)

In other words, according to Ronald Reagan when he accepted the 1980 GOP Nomination. (11/12)

Read the study for yourself and draw your own conclusions. (12/12)
drive.google.com/file/d/1Ez4OvI…