599. The World's Most Valuable Unused Resource
Freakonomics Radio
Guaranteed Income Empowers with Freedom
Research into a guaranteed income program revealed that providing low-income individuals with $1,000 per month significantly impacted their lives. Participants receiving this amount experienced a minor reduction in work hours, indicating the income offered a form of economic freedom that allowed them to prioritize personal choices without the immediate pressure of financial strain. This contrasts starkly with the outcomes of a comparison group that received only $50 monthly, underscoring the potential of a universal basic income to enhance quality of life and personal agency.
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