Michael Calma

“In the eyes of economists, long-term unemployment causes “hysteresis,” a word derived from the Greek term for lagging behind.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World

“The issue is not that the United States cannot pull its people above the poverty line, but that it does not want to.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World

“prominent group of economists recently looked at randomized control trials of government cash-transfer programs from Honduras, Indonesia, Morocco, Mexico, Nicaragua, and the Philippines. They found that receiving cash had no effect on the number of hours worked or the propensity to work, for both men and women. Indeed, the cash-transfer programs seemed to boost the amount that men worked, in some cases.”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World

“The vast majority of families in poverty with children do not receive any help for child care. This again makes the United States a rarity: its public child care spending as a share of GDP is one-quarter of that of sixteen other OECD countries”
― Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World