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May 14 - 125 people got $500 per month free for 2 years. Here's what happened.



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 1 month ago '20        #1
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May 14 - 125 people got $500 per month free for 2 years. Here's what happened.
 

 
visit this link https://www.10tv.com/arti .. d-04a81aaf6f97


125 people got $500 per month free for 2 years. Here's what happened.
The real-world experiment in one U.S. city gave 125 people $500 per month with no rules on how to spend it.





SACRAMENTO, Calif — Editor's note: The video above was published July 1, 2020.

After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and reported lower rates of anxiety and depression, according to a study released Wednesday.

The program in the Northern California city of Stockton was the highest-profile experiment in the U.S. of a universal basic income, where everyone gets a guaranteed amount per month for free. Announced by former Mayor Michael Tubbs with great fanfare in 2017, the idea quickly gained momentum once it became a major part of Andrew Yang's 2020 campaign for president.

Supporters say a guaranteed income can alleviate the stress and anxiety of people living in poverty while giving them the financial security needed to find good jobs and avoid debt. But critics argue free money would eliminate the incentive to work, creating a society dependent on the state.

Tubbs, who at 26 was elected Stockton's first Black mayor in 2016 after endorsements from Oprah Winfrey and Barack Obama, wanted to put those claims to the test. Stockton was an ideal place, given its proximity to Silicon Valley and the eagerness of the state's tech titans to fund the experiment as they grapple with how to prepare for job losses that could come with automation and artificial intelligence.




The Stockton Economic Empowerment Demonstration launched in February 2019, selecting a group of 125 people who lived in census tracts at or below the city's median household income of $46,033. The program did not use tax dollars, but was financed by private donations, including a nonprofit led by Facebook co-founder Chris Hughes.

A pair of independent researchers at the University of Tennessee and the University of Pennsylvania reviewed data from the first year of the study, which did not overlap with the pandemic. A second study looking at year two is scheduled to be released next year.

When the program started in February 2019, 28% of the people slated to get the free money had full-time jobs. One year later, 40% of those people had full-time jobs. A control group of people who did not get the money saw a 5 percentage point increase in full-time employment over that same time period.

“These numbers were incredible. I hardly believed them myself," said Stacia West, an a*sistant professor at the University of Tennessee who analyzed the data along with Amy Castro Baker, an a*sistant professor at the University of Pennsylvania.

Tomas Vargas said the extra $500 a month was enough for him to take time off from his part-time job and find full-time work that paid better. He said he was depressed at the start of 2019, but now says he is happier and healthier.


“Every day I get to wake up and enjoy my kids,” he said. “My wife, we enjoy time together. We didn't have that before.”

Tubbs cheered the results, telling reporters on a conference call to “tell your friends, tell your cousins, that guaranteed income did not make people stop working.”


Matt Zwolinski, director of the Center for Ethics, Economics and Public Policy at the University of San Diego, reviewed the study and said it is “really good news for supporters of a basic income guarantee.” But he said the study is limited because it only lasted two years, and people are unlikely to drop out of the labor force if they know the extra money is temporary.

“Tubbs' claim that this experiment proves that a basic income doesn't negatively affect employment is overstated," he said.

Researchers found the people who got the money reported lower incidences of anxiety and depressive symptoms when compared to another group of people who did not get the money. Those findings could be key to next year's study, which will look at how participants fared during the pandemic.

“It will allow us to ask the question: To what degree did that $500 serve as a financial vaccine as people were entering the pandemic,” Baker said. “The fact that folks went (into the pandemic) in a much stronger position, I think, bodes really well for the ways in which cash can really alleviate chronic stra
in."
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People got the money once a month on a debit card, which let researchers track how most of the people spent it. Less than 1% of the money went to tobacco and alcohol.


Tubbs, who lost his reelection bid as Stockton's mayor in November, said his goal is to convince state and federal lawmakers to implement guaranteed income programs on a larger scale. Aside from conservatives who object to big government spending, opposition also comes from labor unions that worry the government would end other social safety net programs to pay for it. Yang's plan would have cost nearly $3 trillion a year to provide a guaranteed income to everyone.

"That's a question these experiments are not designed to answer,” said Steve Smith, communications director for the California Labor Federation.

Still, guaranteed income programs seem to be gaining momentum. More than 40 mayors have joined Mayors for a Guaranteed Income, with many planning projects of their own. A proposal in the California Legislature would offer $1,000 per month for three years to people who age out of the state's foster care system. And in Congress, Republican U.S. Sen. Mitt Romney of Utah has proposed expanding the child tax credit to send most parents at least $250 per month.

Tubbs said that's a big difference from when he first announced this guaranteed income program four years ago.
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61 comments
 

 1 month ago '21        #2
Tlatoani  topics gone triple plat - Number 1 spot x1
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Cut social security.

It's unnecessary if wages are what they should be, healthcare is universal and socialized, and public college/trade schools are free.

If you're broke at 65, it's on you.

Start funding all this sh*t.
+21   

 1 month ago '16        #3
foshoVoodoo  topics gone triple plat - Number 1 spot x34
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where my mf reparations?
+40   

 1 month ago '04        #4
strat 
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 Tlatoani said
Cut social security.

It's unnecessary if wages are what they should be, healthcare is universal and socialized, and public college/trade schools are free.

If you're broke at 65, it's on you.

Start funding all this sh*t.
How would cutting social security help? Its self funded, and not an entitlement. Yes, it's a little paternalistic but not everyone is financially literate to save their own money, and you end up paying for a social program for them in their 70s anyway. We aint going back to having grandma starve on the streets anymore...
+36   

 1 month ago '04        #5
ItAlY2BkLyN 
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what's the justification of someone getting something for nothing? Do people feel like they're entitled to anything without having to earn it?
-14   

 1 month ago '14        #6
Nemohoes95 
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Tldr
+2   

 1 month ago '05        #7
projectd06 
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 Tlatoani said
Cut social security.

It's unnecessary if wages are what they should be, healthcare is universal and socialized, and public college/trade schools are free.

If you're broke at 65, it's on you.

Start funding all this sh*t.
Stopped at "if wages are what they should be", that ain't happening so all of this is wishful thinking. Also 90% of people are retarded, they cant plan their own retirement.

Trade schools are basically free, you usually just have to work with the union a few years for them to pay it off for you, at least that's how some of them are around here.
+11   

 1 month ago '11        #8
Silencer  topics gone triple plat - Number 1 spot x1
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Shid id be happier with a free 500 to share with the local dispensaries


+7   

 1 month ago '19        #9
Boxedin1 
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 projectd06 said
Stopped at "if wages are what they should be", that ain't happening so all of this is wishful thinking. Also 90% of people are retarded, they cant plan their own retirement.

Trade schools are basically free, you usually just have to work with the union a few years for them to pay it off for you, at least that's how some of them are around here.
Need a trade thread from someone in it
+5   

 1 month ago '07        #10
yola  topics gone triple plat - Number 1 spot x48
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After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and reported lower rates of anxiety and depression, according to a study released Wednesday.
+28   

 1 month ago '05        #11
projectd06 
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 Boxedin1 said
Need a trade thread from someone in it
I wish I was in the field to make a thread. Boxden can use a thread of good jobs that require very minimal schooling or no schooling at all, because there are a lot of jobs out there that no one knows about because they dont teach that in school.

In my fu*k up days I went for an electrician apprenticeship that paid for everything as long as you worked with the union for 5 years after the apprenticeship. I needed a score of 95 to get in and I scored 94.5, and I never went back.

My biggest mistake in my 20s was pushing things off due to fear of change and smoking weed just made it worse. I'm in sales now and left my interview scared (like truly scared) of working in a field I'd never worked in (sales) selling something I know nothing about (flooring) but the best leap of faith I ever made.
+13   

 1 month ago '05        #12
projectd06 
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 yola said
After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and reported lower rates of anxiety and depression, according to a study released Wednesday.
Real question is why they didn't have full time jobs in the 1st place
+2   

 1 month ago '17        #13
DavidTheMan 
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lol, people do better when they get free money.
Who would have thought.

If a billionaire or millionaire wants to give their money away in the program like this more power to them.

Its a different story when you steal money for the productive class and give it to others via a pilfering class.

We already know how that story ends, Rome taught us that.
+1   

 1 month ago '07        #14
yola  topics gone triple plat - Number 1 spot x48
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 projectd06 said
Real question is why they didn't have full time jobs in the 1st place
an even better question is why that's your first question?
+6   

 1 month ago '19        #15
Shenanagans 
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They should've left out the part about how the money was spent. If I was getting any money on a government issued card I wouldn't use it for anything stupid. They're obviously tracking purchases
+3   

 1 month ago '20        #16
GUS FRING  topics gone triple plat - Number 1 spot x28
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And they say MONEY can't buy happiness



+9   

 1 month ago '08        #17
Pyrex  topics gone triple plat - Number 1 spot x5
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 GUS FRING said
And they say MONEY can't buy happiness





Don't tell me money don't buy happiness when it so happen that money buy drugs.
-2   

 1 month ago '20        #18
wargasm12 
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Socialism
+3   

Top 10 most slapped recently  1 month ago '20        #19
BlacksAndLatins  topics gone triple plat - Number 1 spot x1
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 ItAlY2BkLyN said
what's the justification of someone getting something for nothing? Do people feel like they're entitled to anything without having to earn it?
No wonder low iq bootlicking cuckfag**ts like you deserve to be replaced in 20 years
+3   

 1 month ago '15        #20
chasepayper 
Props total: 4030 4 K  Slaps total: 423 423
 Boxedin1 said
Need a trade thread from someone in it
My wide just joined a trade in ny. As a plumber, in the union. There is a easy way in for women, if anyone would really like to know shout me private message.
+2   

 1 month ago '19        #21
SuperPawgHunter  topics gone triple plat - Number 1 spot x5
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 yola said
an even better question is why that's your first question?
The problem with this is, it a*sumes all black people think the same.

Why do we feel all black people feel the same about poor people?

All black people aren't poor; all black people don't have bleeding hearts for the poor; a good no. of black people are uppity as fu*k, and look down on people who don't have what they have, even if they don't have a lot.

I know a black woman who would f*ght hard as fu*k against her daughters being friends with kids who families weren't educated and financially well-off. Yes, these types of black people exist in larger numbers than some of you realize.
+1   

 1 month ago '17        #22
Belize123 
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 Tlatoani said
Cut social security.

It's unnecessary if wages are what they should be, healthcare is universal and socialized, and public college/trade schools are free.

If you're broke at 65, it's on you.

Start funding all this sh*t.
Give me back what I already contributed to it, then you can do whatever you want to do with it.
+1   

 1 month ago '04        #23
Dash 
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$500 would take care of my internet, phone bills, light, gas & car insurance.

So yeah, if they make that move, my blk azz would be happier.

I'm doing gucci regardless tho.
+1   

 1 month ago '17        #24
dubsax 
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 projectd06 said
Real question is why they didn't have full time jobs in the 1st place
for many its a cost reward benefit.

Child care is expensive, If you are a single parent with 2 kids you are better off working part time or not at all if you dont make over $15/hr. Especially if they arent in school yet.

Part of the problem is that people are working much later in life so many dont have the option of having parents and grandparents watch their kids these two groups are still working

 1 month ago '05        #25
projectd06 
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 yola said
an even better question is why that's your first question?
What do you mean? I think it's fairly obvious people having extra income will be able to pay off debt and have less anxiety because of it, so since the increase in people getting full time jobs is the only other point in your post that's the only question and should be the main selling point for this.

Plenty of valid reasons that people don't have full time jobs, caring for sick or old family, cost of daycare,ect so if you can prove extra income will incentivize people to work then you have proof of concept, until then it's just stating the obvious, people with more money are happy and better off, and that doesnt need a study to prove.
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