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Scott Santens (scottsantens@hachyderm.io)'s status on Wednesday, 10-Apr-2024 02:26:49 JST Scott Santens

Fresh results from another guaranteed basic income pilot. This time from Seattle's King County where 102 people got $500/mo for 10 months.
Employment nearly doubled from 37% to 66%
Average income from jobs went up by $410/mo
Retirement plans nearly tripled
Percent with any savings of those with kids went from 0% to 42%
Percent with any savings of those without kids went from 24% to 35%
Participants also reported gains in health and well-being
https://www.seakingwdc.org/latest-news/gbi-report
In conversation about a year ago from hachyderm.io permalink
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1. Launched in Fall 2022 with support from public and private funders, the pilot yielded a tangible return on investment; most participants secured better-paying jobs with an average increase in income that nearly matched the incentive amount, creating sustainable improvement in their financial well-being. Employment nearly doubled from 37% to 66%, and job quality dramatically increased with greater employee benefits coverage: retirement plans nearly tripled, and life and disability insurance participation showed considerable improvements. Moreover, the ability to cover expenses was consistently boosted, and the savings rate among families with children leapt from 0% to 42%.
  https://media.hachyderm.io/media_attachments/files/112/241/672/253/130/252/original/12dac906a4ab7d3b.jpg
2. Domain not in remote thumbnail source whitelist: images.squarespace-cdn.com
  
  New Study Reveals Impact of $500 to Fight Poverty in King County — Workforce Development Council of Seattle-King County
  
  from Workforce Development Council of Seattle-King
  
  A $500 monthly boost led to significant employment growth, enhanced savings, improved debt management, and better quality of life for diverse King County residents facing poverty. The Guaranteed Basic Income (GBI) Pilot, designed by the Workforce Development Council of Seattle-King County (WDC) and

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