German experiment gave people UBI and on average they kept working full-time

by k00b in ~econ

670 sats and 2 comments so far

https://stacker.news/items/941798

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All these small studies miss THE critical point - broad govt welfare does very little on average besides raising the price of the things the people receiving it buy. Look no further than the COVID handouts for this. This study just minted some cantillionaires. Scale matters for welfare - it arguably works ok when 1% of society receives it, but above maybe 5-10% it just creates welfare slaves. Which is what the state wants anyway.