The results of the biggest experiment in Universal Basic Income (UBI) are in, and they’re not good.
Universal Basic Income is a welfare proposal embraced by progressive Democrats like Andrew Yang, who popularized the idea on the 2020 campaign trail.
The idea is the government gives every adult citizen free money unconditionally every month to meet their basic needs, which frees them up to start a business, stay home with their children, or invest in another goal.
In July, the National Bureau of Economic Research analyzed the biggest UBI program to date, which was run by two nonprofits. It was the “largest unconditional cash transfer program evaluated by a randomized controlled trial” ever done in the country, researchers said.
The program gave $1,000 a month to 1,000 low-income individuals for three years. A control group of 2,000 people were given just $50 a month.
The average…
