What If We Just Gave Poor People a Basic Income for Life? That’s What We’re About to Test.

http://www.slate.com/blogs/moneybox/2016/04/14/universal_basic_income_this_nonprofit_is_about_to_test_it_in_a_big_way.html

What If We Just Gave Poor People a Basic Income for Life? That’s What We’re About to Test.

This article discusses the concept of Universal Basic Income (UBI) and a nonprofit organization called GiveDirectly that is planning to test it on a large scale. UBI is the idea of providing every individual with a regular unconditional cash transfer to cover their basic needs. GiveDirectly aims to conduct a pilot project in a rural area of Kenya, where they will provide a select group of people with a basic income for a set period of time. The article outlines the potential benefits and challenges of implementing UBI, including its potential to alleviate poverty, stimulate economic growth, and improve overall well-being. It also addresses concerns about affordability and potential disincentives to work. Overall, the article highlights the growing interest in UBI and the need for rigorous experimentation to evaluate its effectiveness.

by Michael Faye · 4 min · 4.18.2016

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http://www.slate.com/blogs/moneybox/2016/04/14/universal_basic_income_this_nonprofit_is_about_to_test_it_in_a_big_way.html

Summary

This article discusses the concept of Universal Basic Income (UBI) and a nonprofit organization called GiveDirectly that is planning to test it on a large scale. UBI is the idea of providing every individual with a regular unconditional cash transfer to cover their basic needs. GiveDirectly aims to conduct a pilot project in a rural area of Kenya, where they will provide a select group of people with a basic income for a set period of time. The article outlines the potential benefits and challenges of implementing UBI, including its potential to alleviate poverty, stimulate economic growth, and improve overall well-being. It also addresses concerns about affordability and potential disincentives to work. Overall, the article highlights the growing interest in UBI and the need for rigorous experimentation to evaluate its effectiveness.
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