Here’s what happened when Iran introduced a basic income

The_Assimilator

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https://theoutline.com/post/1613/iran-introduces-basic-income

In 2011, in response to heavy cuts to oil and gas subsidies, Iran implemented a program that guaranteed citizens cash payments of 29 percent of the nation's median income, which amounts to about $1.50 every day. (In the U.S. such a measure would translate to about $16,000 per year.) Now, six years later, the results of that measure were released in a report by economists Djavad Salehi-Isfahani and Mohammad H. Mostafavi-Dehzooeifrom for the Economic Research Forum.

The report found no evidence for the idea that people will work less under a universal income, and found that in some cases, like in the service industry, people worked more, expanding their businesses or pursuing more satisfying lines of work.

The researchers did find that young people — specifically people in their twenties — worked less, but noted that Iran never had a high level of employment among young people, and that they were likely enrolling in school with the added income.

Now, this is Iran so take it with a very large pinch of salt, but it is encouraging.
 
This kind of study in a few places results in the same result.. those who want to do more will do more.. those that don't, won't. It's not driven by cash.

But to me that's irrelevant.. because in the end, all this does is push up inflation which means the $0 line is now the payout level.
 
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