Comment by neilwilson

Every 'successful trial' is trumped by the far greater data set that comes from the widest 'UBI' trial of them all - state pension payments.

That is a permanent payment to live on to a section of the population, except that section is divided by age not location. And the results from millions and millions of data points across the globe are crystal clear - the people stop working and the dependency ratio goes up.

To the extent that Denmark has just increased the age to 70, ie reduced the size of the section of the population entitled to the payment. They wouldn't have needed to do that if 'people continued to work'.

Of course a payment to a small section of a fixed currency area will work. It's paid for by all the other people from that fixed currency area not getting the payment. As will a small payment that is not enough to live on - which ends up as a subsidy to private sector employers and results in wage compression towards the minimum wage.

The fun starts when you try to give a living payment to all the people within a fixed currency area. And that has yet to be trialed anywhere.

Premature extrapolation is a cruel affliction.