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Young parents in Baltimore are getting $1,000 a month, no strings attached, a deal so good some 'thought it was a scam'
(www.businessinsider.com)
this post was submitted on 08 Nov 2023
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Really curious to see the outcome.
Most research up until now seems to point to this as the best way to solve poverty.
Not only that, but it likely significantly stimulates the local economy. People with no money buy nothing, meanwhile people with an excess of money don't buy much extra.
My only worry about unintended consequences is that if this becomes a broader program (say, everybody gets $1000/mo, not just families that meet aome.kind of criteria), then prices for basic goods like rents will go up (i could see rents going up exactly $1000). Otherwise who could argue how well this kind of cash supplement works?
They gave the exact same reason for why they didn't want to raise minimum wage, and then rents went up anyways. I don't buy it...