A Five-Year Basic Income Experiment Is Finally Happening in the US - Printable Version +- Scivillage.com Casual Discussion Science Forum (https://www.scivillage.com) +-- Forum: Science (https://www.scivillage.com/forum-61.html) +--- Forum: Ergonomics, Statistics & Logistics (https://www.scivillage.com/forum-78.html) +--- Thread: A Five-Year Basic Income Experiment Is Finally Happening in the US (/thread-4239.html)

A Five-Year Basic Income Experiment Is Finally Happening in the US - C C - Sep 22, 2017 https://www.inverse.com/article/36650-y-combinator-basic-income-experiment EXCERPT: [...] In the upcoming study, 3,000 people whose median household income is below the average income in that county will be selected from the two states to receive a fixed monthly sum. These people, aged between 21 and 40, will be chosen to represent a variety of demographics and income levels. While 1,000 of these people will receive $1,000 per month for up to five years, the other 2,000 will receive just $50 per month as a way for the researchers to compare. “A randomized trial is considered one of the best ways to evaluate the impact of a proposed social policy,” writes Elizabeth Rhodes, who holds the enviable title of basic income research director at Y Combinator. “By comparing a group of people who receive a basic income to an otherwise identical group of people who do not, we can isolate and quantify the effects of a basic income.” Basic income is the idea that every person should receive a regular stipend from an organization — ideally a level of government so there’s a shared burden or possibly private organizations like Y Combinator — as a method to supplement their income. Its advocates say it would create a safety net or cushion for people to become more entrepreneurial or take innovative risks. Supporters have a variety of reasons for the idea.... MORE: https://www.inverse.com/article/36650-y-combinator-basic-income-experiment RE: A Five-Year Basic Income Experiment Is Finally Happening in the US - Syne - Sep 23, 2017 Overly-idealized emotional arguments without any mention of how any society could actually afford such a scheme.