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
World Economic Forum (@wef) tweeted at 6:15 AM – 26 Nov 2017 :
The largest basic income experiment ever has just launched https://t.co/TzAkO8Iy3l #Africa https://t.co/ikA8v2FDHG (http://twitter.com/wef/status/934772479716921344?s=17)
nov 2017 article
A groundbreaking social experiment will begin in Kenya in roughly one month.
The charity GiveDirectly will begin giving people in 200 villages free sums of money, no strings attached.
It’ll be the largest, most comprehensive test ever conducted of a radical form of wealth distribution known as “basic income” or “universal basic income.”
In total, there will be 26,000 participants spread across three experimental groups. One group will receive a guaranteed monthly income that comes out to $0.75 a day, for 12 years. Another will get the same amount for just two years. The third will get two years’ worth of income all at once, in a lump sum.
GiveDirectly will include 40 villages in the first group and 80 in the other two. In all three cases, people will get the money no matter what.
Basic income advocates (and a great deal of research) suggest the security of knowing money will be coming in over the long term encourages people to take more risks. They tend to *start more businesses and make larger investments,..t.. both of which they may shy away from if they think money will be tight.
*is that our human goal..?
Ultimately, GiveDirectly hopes the scale of the project will let researchers track its impact on both an individual level and in the wider community..t
Such an ambitious experiment has no precedent, ..t..but smaller trials indicate that by giving individuals free money, entire villages could also prosper.
well – it has had precedent.. the thing we haven’t yet done is experiment with an entire ecosystem .. where no one is thinking about money