Iran implemented a full-blown equivalent of UBI in 2011 of approximately $16,000 per year in response to heavy cuts to oil and gas subsidies. Economists measured labor rates and found no reduction in hours worked—if anything they found people in the service industry expanded their businesses. This is hugely indicative because of the enormous sample size—Iran has 80 million people, equivalent to the combined total of New York, California, and Florida—over an extended period of time.
