Another Study Shuts Down Universal Basic Income—More Research Has Been Added to the Pile for the Skeptics – Def-Con News

The National Bureau of Economic Research (NBER) published a November 2024 working paper titled Household Responses to Guaranteed Income: Experimental Evidence from Compton, California.

This from libertynation.com.

From the Compton study, researchers learned:

[There was] weak evidence of reduced alcohol consumption, and moderately strong evidence of relative increases in tobacco consumption.

The paper concluded:

In sum, the cash transfers have a strong positive impact on the index of housing security, but no clear impact on the indices of psychological well-being, financial security, or food security.

But this was not the first study to find holes in the universal basic income premise. In July, the NBER published a working paper titled The Employment Effects of a Guaranteed Income: Experimental Evidence from Two U.S. States.