A couple of months later a New York Times reporter walked Read the NYT article here.around his village. It was like everyone had won the jackpot – but no one had wasted the money. People were repairing their homes and starting small businesses. Bernard was making $6 to $9 a day driving around on his new Bajai Boxer, an Indian motor cycle which he used to provide transportation for local residents. ‘This puts the choice in the hands of the poor, and not me,’ Michael Faye, co-founder of GiveDirectly, the coordinating organization, said. ‘The truth is, I don’t think I have a very good sense of what the poor need.’ When Google had a look at his data, the company immediately decided to donate $2.5 million.
Costs? 50,000 pounds a year, including the wages of the aid workers. In addition to giving eleven individuals another shot at life, the project had saved money by a factor of at least 7. Even The Economist concluded:
‘The most efficient way to spend money on the homeless might be to give it to them.’
People have to ‘work for their money,’ we like to think. In recent decades, social welfare has become geared toward a labor market that does not create enough jobs. The trend from ‘welfare’ to ‘workfare’ is international, with obligatory job applications, reintegration trajectories, mandatory participation in ‘voluntary’ work. The underlying message: Free money makes people lazy.
Except that it doesn’t.
Studies from all over the world drive home the exact same point: free money helps. Proven correlations exist between free money and a decrease in crime, lower inequality, less malnutrition, lower infant mortality and teenage pregnancy rates, less truancy, better school completion rates, higher economic growth and emancipation rates. ‘The big reason poor people are poor is because they don’t have enough money’, economist Charles Kenny, a fellow at the Center for Global Development, dryly remarked last June. ‘It shouldn’t come as a huge surprise that giving them money is a great way to reduce that problem.’
april 2016 –
To do so, we’re planning to provide at least 6,000 Kenyans with a basic income for 10 to 15 years.
beyond basic income
“Poverty in its simplest terms is a lack of money and resources. It is not a lack of capacity or ability.”https://t.co/r0Ok3IjV81
Original Tweet: https://twitter.com/Give_Directly/status/791270328173551616
lack of money.. is that poverty..?
GiveDirectly (@Give_Directly) tweeted at 6:16 AM – 23 Feb 2017 :
.@nytimes visited our #BasicIncome experiment in Kenya. Here’s what they found. https://t.co/BkeK5cbknL(http://twitter.com/Give_Directly/status/834753883595534336?s=17)
$22 a month for 12 yrs
A universal basic income has thus far lacked what tech folks might call a proof of concept. There have been a handful of experiments, including ones in Canada, India and Namibia. Finland is sending money to unemployed people, and the Dutch city Utrecht is doing a trial run, too. But *no experiment has been truly complete, studying what happens when you give a whole community money for an extended period of time — when nobody has to worry where his or her next meal is coming from or fear the loss of a job or the birth of a child.
*still not complete..
Chris Hughes, a Facebook founder and briefly the owner of The New Republic, has started a $10 million, two-year initiative to explore the viability of a basic income. (He has also been a major donor to GiveDirectly.) The research wing of Sam Altman’s start-up incubator, Y Combinator, is planning to pass out money to 1,000 families in California and another yet-to-be-determined state. Then there is GiveDirectly itself, which has attracted $24 million in donations for its basic-income effort, including money from founders of Facebook, Instagram, eBay and a number of other Silicon Valley companies. Many donors I spoke with cited their interest in the project as purely philanthropic. But others saw it as *a chance to learn more about a universal basic income, a way to prove that it could work and a chance to show people the human face of a hypothetical policy fix.
two women pooling money to start a bank
a nother way