A guaranteed basic income program pilot in Seattle gave 102 low-income residents $500 monthly. Employment among the participants nearly doubled.
  • A Seattle basic income pilot gave low-income residents $500 a month, nearly doubling employment rates.
  • Some participants reported getting new housing, while others saw their employment incomes rise.
  • Basic income pilots nationwide have seen noteworthy success, despite conservative opposition.
  • antidote101@lemmy.world
    292·
    7 months ago

    The right only pretend to care about economics, whilst refusing to listen to its actual statements and outcomes. This is why Modern Monetary Theory is generally ignored.

    • Buddahriffic@lemmy.world
      5·
      7 months ago

      Conservatism is about conserving the current social order. Individuals can move between classes occasionally, but for the most part the rich stay powerful (even when they are broke) and everyone else stays weak (even if they gain enough money to become comfortable).

      So if there’s an economic theory that would change that if adopted, it will be ignored until it gains popularity, at which point it will be demonized (like communism, socialism, regulation).