Tuesday, May 21, 2024

South Dakota, Texas Block Local Universal Basic Income Laws - Bloomberg

Research has complicated those critiques: After a year of receiving $500 a month, participants in a pilot guaranteed income program in Stockton, California, saw greater increases to their full-time employment rates than members of a control group who weren't receiving the regular payments. 

Research also shows people use the cash for essentials like rent and food; participating in pilots has also been shown to improve some people's physical and mental health. The expanded Child Tax Credit — an example of the kind of far-reaching, unrestricted cash transfer advocates would like to see applied nationally — helped lift an estimated 3 to 3.5 million children out of poverty in each of its first three months in 2021…

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