Opinion

What 122 Universal Basic Income Experiments Actually Show

After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
What 122 Universal Basic Income Experiments Actually Show
RomanR/Shutterstock
Vance Ginn
|Updated:
0:00
News Analysis
Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income (UBI). Recent pieces in Newsweek, the LSE Business Review, and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check.
Vance Ginn
Vance Ginn
Author
Vance Ginn, Ph.D., is founder and president of Ginn Economic Consulting, LLC and an associate research fellow with the American Institute for Economic Research (AIER). He is chief economist at Pelican Institute for Public Policy and senior fellow at Americans for Tax Reform. He previously served as the associate director for economic policy of the White House’s Office of Management and Budget, 2019–20.
twitter