I recall that there was a similar experiment conducted during the 1970′s in the Interlake region of Manitoba, Canada. The one obvious negative effect of this was a significant drop in labour participation rates among three groups; youths, women with children, and near-seniors.
The experiment wasn’t even set up in such as a way as to expose the worst outcomes. Such a test would have to restrict the taxes needed to pay for the Guaranteed Basic Income to the same geographic area as the available benefits; allow benefits to those moving to that area; and run for two or three generations.
I recall that there was a similar experiment conducted during the 1970′s in the Interlake region of Manitoba, Canada. The one obvious negative effect of this was a significant drop in labour participation rates among three groups; youths, women with children, and near-seniors.
The experiment wasn’t even set up in such as a way as to expose the worst outcomes. Such a test would have to restrict the taxes needed to pay for the Guaranteed Basic Income to the same geographic area as the available benefits; allow benefits to those moving to that area; and run for two or three generations.