Universal basic income

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Basic Income Experiments Around the World

What if everyone received monthly payments to make life easier and encourage greater economic activity? That’s the exact premise behind Universal Basic Income (UBI).The idea of UBI as a means to both combat poverty and improve economic prospects has been around for decades. With the COVID-19 pandemic wreaking havoc on economies worldwide, momentum

A cure for income inequality?

 Local leaders across the United States are turning to private donors to fund an out-of-the-box policy experiment they think could go mainstream: Giving cash to residents, no strings attached.

Newark, Milwaukee and Stockton, Calif., are among the cities testing versions of what’s known as universal basic income, a program under which residents

In Kenya, free cash is the latest solution to poverty

Until recently, Molly struggled to imagine life beyond the end of each repetitive day: work in someone else’s fields and earn enough to eat, rinse, repeat. “It was a vicious circle I could not escape,” says the 25-year-old villager in the Bondo region of western Kenya.

Her hardscrabble, rural existence is the same for many

To fix income inequality, we need more than UBI—we need Universal Basic Assets

”Open a newspaper—or, more likely, click on a Facebook article on your phone—and there will be a story telling you that income inequality is at the root of America’s problems: 0.1% of the US population is worthalmost as much as the bottom 90%; CEO-to-worker pay ratios have increased thousand-fold since 1950; and wages have been stagnatingfor