Topics discussed include Bette Midler, good and bad news, truths in media, and deciphering the Universal Basic Income study. Humorous anecdotes, psychoanalysts dominance, aging, health issues, Trump's financial situation, and the impact of a thousand dollar payment are also explored.
Universal Basic Income promotes goal achievement and essential spending.
Recipients of UBI prefer meaningful work and financial stability over excessive work hours.
Deep dives
Study on Universal Basic Income
A study on universal basic income measured the spending habits of 1,000 participants who received $1,000 monthly compared to a control group of 2,000 receiving $50 each month. The recipients of $1,000 cash payments reported a modest decrease in employment, an increase in setting and achieving goals, an emphasis on spending that benefited basic needs, and being 10% more likely to actively search for a job.
Impact of Cash Payments
Recipients of the $1,000 cash payments spent more on their basic needs and financially supporting others, highlighting a shift from living paycheck to paycheck. The extra financial breathing room allowed them to contemplate a different lifestyle and prioritize essential spending, resulting in a more stable financial situation.
Behavioral Response to Universal Basic Income
The study found that while the $1,000 cash payments led to a decrease in weekly work hours, it did not deter recipients from working entirely. Instead, the recipients showed a preference for interesting and meaningful work, indicating a nuanced response to the financial support provided by universal basic income.
Whilst still in the concrete jungle, Dr. Drew brings the best of Bette Midler, Adam shares the good, and bad, news in life, and they discuss the truths in media. Then, they attempt to decipher the recent Universal Basic Income study.
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