Wise Fool Digest, Week of March 22

Surprises, big challenges and the power of understanding

Hi. This week’s Wise Fool Digest is a little heavy, but in a good way. As in, a lot of weighty stuff to chew on. I’d love to discuss with you more deeply in the comments.

Guaranteed Basic Income Study Results: Time is Money, and Money is Time, and the difference may be economic growth

We hear two constant refrains: not enough people to fill the most crucial jobs, and not enough jobs for the people who need them. And we talk about how to bridge that gap ad nauseum. But this article might tell us that an important key lies in a very unexpected place.

PBS Newshour reported recently on the early results of one of the first experiments in basic income in the US, and it’s eye-opening. This interview with the former mayor of Stockton, California, summarizes the data collected on participants in the first two-year trial, and the analysis is comprehensive — everything from spending to job choices to cortisol levels.

One finding that particularly stood out to me was that the people who rec…