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
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
You may not have noticed, but a huge global movement is well on its way to creating the next generation of the internet. This massive technological sea change is largely being driven by a key innovation in database technology called the blockchain, and many forecasters are predicting that it could cause as much social transformation
”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
Why did Mark Zuckerberg call for a serious exploration of Universal Basic Income in his Harvard University Commencement Address this past summer, while Elon Musk has pushed for the idea at the World Government Summit in Dubai? Universal Basic Income (UBI) would mean a monthly check to every adult in
A universal basic income could make the US economy trillions of dollars larger, permanently, according to a new study by the left-leaning Roosevelt Institute.
Basic income, a proposal in which every American would be given a basic stipend from the government no strings attached, is often brought up as a potential solution to widespread
Why do poor people make so many bad decisions? It’s a harsh question, but look at the data: poor people borrow more, save less, smoke more, exercise less, drink more and eat less healthily. Why?
Margaret Thatcher once called poverty a “personality defect”. Though not many would go quite so far,