The recent experiment revealed that recipients of universal basic income reduced their work hours, resulting in lower household income, while benefiting from increased leisure time.
The critical factor in determining the success of UBI is whether it contributes to genuine happiness, as the study did not evaluate the increase in well-being among recipients.
Even with cash in hand, the relationship between unearned income and life satisfaction is complex, suggesting that not all forms of monetary gain are equal in enhancing happiness.
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