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The basic income myth: cash discourages work
  + stars: | 2024-09-28 | by ( Allie Kelly | ) www.businessinsider.com   time to read: +10 min
Critics of guaranteed basic income often suggest that cash payments discourage work. Guaranteed basic income programs are gaining momentum across the US as an approach to poverty reduction. Related storiesBasic income critics say cash discourages workBillionaires, politicians, and financial leaders have criticized basic income programs, saying that cash payments could encourage laziness among participants. AdvertisementStill, guaranteed basic income programs reflect short-term results. Harper began teaching shortly after enrolling in a Georgia-based guaranteed basic income program, In Her Hands.
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BI broke down the pros, cons, and frequently asked questions about basic income. Universal basic income and guaranteed basic income could fill gaps in the existing US social safety net, experts said. A benefit of basic income is the element of choice, according to Shafeka Hashash, associate director of guaranteed income at the Economic Security Project. Private donors often fully or partially fund basic income programs, lessening the cost burden on local governments. US states with active basic income programs include California, Illinois, Colorado, New York, Georgia, Louisiana, and more.
Persons: , Melvin Carter, Paul, Shafeka Hashash, Hashash, It's, John Gillette, Oscar Wong, UBI, Andrew Yang, Howlette, hasn't, Michael Tubbs, Allan Baxter, What's, Sam Altman, Elon Musk Organizations: Service, Business, St, SDI, SNAP, Economic Security, Arizona, Rep, American, Orleans Mayor's, Youth, University of British Columbia, Alaska Permanent Fund, Tech Locations: Valley, America, Los Angeles and Illinois, Texas, Missouri, Arizona , Iowa, South Dakota, Orleans, Denver, Atlanta, Alaska, California , Illinois, Colorado , New York , Georgia, Louisiana, Canada, Brazil, China, Germany, India, Iran, Ireland, California, New Mexico, Oregon
Read previewFor some young New Orleans residents, guaranteed basic income helped them afford a ride to work. The New Orleans guaranteed basic income pilot was a collaboration between Mayor LaToya Cantrell's Office of Youth and Families and the national advocacy network Mayors for a Guaranteed Income (MGI). AdvertisementResearchers, however, noted that the individualized impacts of guaranteed basic income are difficult to capture in a dataset. For Howlette, the New Orleans pilot results show that housing, work, and transportation-related costs are major barriers for opportunity youth. She said guaranteed income is just one way to help alleviate these challenges and prevent long-term poverty.
Persons: , would've, LaToya, Howlette Organizations: Service, SNAP, Medicaid, Business, New, LaToya Cantrell's, Youth, The Center, University of Pennsylvania, Orleans Mayor's Locations: New Orleans, America, Los Angeles, Birmingham, Chicago, Denver, , New Orleans, Louisiana, Orleans
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