author

Karl Widerquist

SFS-Qatar, Georgetown University

Findings on employment reductions from the U.S. & Canadian NIT experiments from 1968 - 1980 are often overstated. The gross cost of a $12k/yr UBI paid to all adults, and $6k/yr to children is estimated at $3.4 trillion per year. The net cost of a $12k/yr UBI to all adults and $6k/yr to all children is estimated at $539 billion. A basic income high enough to meet an individual's basic needs would ensure that workers' participation in the labor market is truly voluntary.
The Physical Basis of Voluntary Trade The Cost of Basic Income: Back-of-the-Envelope-Calculations Failure to Communicate: What (if anything) can we learn from the negative income tax experiments?
Basic Income
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