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

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

4/18/2016

link

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.

tags

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