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UBI Cash Payments Reduced Homelessness, Increased Employment in Denver

www.businessinsider.com Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.

UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.

Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.
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  • You can argue that national poverty lines are made to be kept under a certain percentage, sure, then we can ignore that. Globally, yes, the majority doesn't have capital (as in financial capital), but per country, there are stark differences. More things to consider

    Especially GNI PPP: if you live in Europe, North America, Australia, China, Japan, and a few other countries, there's a good chance you belong to the global 20% of high income earners. The minimum wage in your country will probably be higher than what a low income family earns in a year

    For the current 2024 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,135 or less in 2022; lower middle-income economies are those with a GNI per capita between $1,136 and $4,465; upper middle-income economies are those with a GNI per capita between $4,466 and $13,845; high-income economies are those with a GNI per capita of $13,846 or more.

    https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups

    Can you fathom?

    • We are talking about people who have the capital in society to make actual systemic changes to society. Such as restructuring our economy to value lives, wellbeing, and sustainability over profit.

      Quite obviously 80% of people do not have that capital.

      You are cherrypicking statistics, seemingly to deliberately miss the point.

      Global comparisons of income mean exactly nothing to the quality of life of people living within their country.

      Even people deemed in that global top 20% are living paycheck-to-paycheck, and are unable to leverage that to make changes.

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