1. Evidence shows that cash transfers only reduce work hours in certain circumstances, such as new mothers and students. In some cases, people even work more. https://www.vox.com/policy-and-politics/2017/7/20/15821560/basic-income-critiques-cost-work-negative-income-tax
  2. Our existing safety net has welfare traps that causes people to really not want to work. Replacing these with a single cash grant would dramatically improve work incentives by avoiding high implicit marginal tax rates. See chart 1/3 down at https://fivethirtyeight.com/features/universal-basic-income/

Written by

Economist. Founder and president of the UBI Center. Studied at MIT and UC Berkeley. YIMBY. Former Google data scientist.

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