By Guy Standing
In July 2024, the National Bureau of Economic Research issued a report from the researchers on an income-transfer project conducted in Illinois and Texas. It has generated global attention, with some commentators saying it undermines the case for basic income, others that it supports the case for it.
This note is a critique of the project, and one point should be made very firmly at the outset: This experiment was not a test of basic income. Anybody claiming otherwise is either unfamiliar with the concept of basic income or is being disingenuous.
To be fair on the researchers, the title of their main report refers to a ‘guaranteed income’, not a basic income. But as far as I can see none of the researchers has rebutted the interpretation by critics. Moreover, as this writer knows, having been involved in the initial discussions of the project in Stanford University, the initial researchers knew they could not do a proper basic income pilot.
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Find a German translation here: https://bge-rheinmain.org/ein-us-amerikanisches-grundeinkommensexperiment-das-keines-war