What a shame! Warren Mosler said in a recent tweet that if money is created at the central bank to pay for a Basic Income it could work, but your playing with fire. With MMT, he says, money creation is tied to the Job Guarantee.
An experiment with 'free money' in Finland made people happier but did not improve employment levels and would be 'unsustainable', a study has found.
Participants in the Finnish study 'were more satisfied with their lives and experienced less mental strain, depression, sadness and loneliness,' researchers said.
But the Finnish study found that the handout led to people being employed for only six more days over a one-year period.
Daily Mail
Free money makes people happy! Basic income improves people's mental well-being but is 'unsustainable', Finnish trial finds
12 comments:
How does a job guarantee work when you are under a shutdown?
A JG becomes a temporary UBI during a shutdown. But it is preferred to give these income streams another name, like unemployment insurance or welfare.
If we're not going to commit to full employment, then a UBI or national dividend is an alternative, along with price controls.
”experienced less mental strain, depression, sadness and loneliness,' researchers said. ”
We cannot have that. That is only for those at the top so they can feel special about themself and tell those under them to get a grip, lighten up, if you work hard enough your dreams will come true etc.
Nice conspiracy theory!
(S, I’m going to have to drop you down 0.3 grade points for this you’re back down to a 3.3)
“A JG becomes a temporary UBI during a shutdown.”
Says who?
S,
here from the post one up thread:
" Conspiracy theories like this both make the believer feel special and brave for having secret knowledge and fighting to make it public, but also provide an explanation for bad things happening in the world."
this is exactly what you are doing here... knock it off...
The automatic stabilizers say so.
No money, no funny.
Or is it no money, no honey?
Is Peter Pan, here, Bob?
And that avatar, PP, (Bob?) -- is it a pleasant bumble bee or is it one of them murder hornets?
https://www.ctvnews.ca/sci-tech/murder-hornets-may-spread-east-from-b-c-if-not-eradicated-entomologist-says-1.4923941
“(S, I’m going to have to drop you down 0.3 grade points for this you’re back down to a 3.3)”
Grades from Trump University. No thanks.
A lot of useful online work could be paid for by Government while people are confined, or online training, to reskill/upskill during the period at home.
Not sufficient, but could provie some JG-like support
Bob is no more. Tinkerbell put her foot down.
My avatar is of a buff-tailed bumblebee.
Hornets are killers of bees.
Asian hornets are unmistakably frightening due to their size.
Will work for honey...
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