“prominent group of economists recently looked at randomized control trials of government cash-transfer programs from Honduras, Indonesia, Morocco, Mexico, Nicaragua, and the Philippines. They found that receiving cash had no effect on the number of hours worked or the propensity to work, for both men and women. Indeed, the cash-transfer programs seemed to boost the amount that men worked, in some cases.”
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
“The vast majority of families in poverty with children do not receive any help for child care. This again makes the United States a rarity: its public child care spending as a share of GDP is one-quarter of that of sixteen other OECD countries”
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
“It is not just rich nations that the United States lags behind either. According to the International Labor Organization, it is one of only two countries out of 185, the other being New Guinea, that does not provide some form of aid to new parents.”
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
“In the eyes of economists, long-term unemployment causes “hysteresis,” a word derived from the Greek term for lagging behind.”
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
― Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
“Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
― Confessions of a Time Traveler
― Confessions of a Time Traveler
Michael’s 2025 Year in Books
Take a look at Michael’s Year in Books, including some fun facts about their reading.
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