🚨 URGENT: READ THIS OR SUFFER IN THE FUTURE 🚨
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.
- It was funded by the founders of ChatGPT, presumably to mitigate the potential job losses anticipated through AI and AGI
- 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.
- 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.
- Result 2: UBI participants stayed unemployed for an extra month compared to those unemployed in the control group
- 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
- UBI participants self-reported increased rates of disability to limit the work they can do
Two ways to look at these results:
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 $1k/mo wasn’t enough or...
...Universal Basic Income and its collectivist derivatives are never enough. Work is intrinsically tied to human dignity, happiness & progress
MY OPINION?
Giving handouts NEVER worked, we already saw this during covid when US citizens received $1,2k cash assistance and Amazon sales peaked.
BE PREPARED, this paper shows that AI taking over job will 100% happen and that WE DON'T have a solution for the unemployment shift.
Conclusion: There will be a MAJOR crisis and I think 2008 was nothing compared to what's gonna happen!
Stay updated with @mende and drop a follow!
