The idea of guaranteeing people’s income—a basic income guarantee—has gained a lot of currency of late. There has been a flurry of articles and think-tank chatter, growing support among the Silicon Valley set and even some early experiments.
Utrecht, in Holland, for example, has an interesting pilot. As Quartz explains:
A group of people already receiving welfare will get monthly checks ranging from around €900 ($1,000) for an adult to €1,300 ($1,450) for a couple or family per month. Out of the estimated 300 people participating, a group of at least 50 people will receive the unconditional basic income and won’t be subject to any regulation, so even if they get a job or find another source of income, they will still get their disbursement
Council alderman Victor Everhardt told a local publication that he sees the policy as a test of how people will react to having their needs met and not having to do anything extra. One big question: “Will someone sit passively at home or do people develop themselves and provide a meaningful contribution to our society?”
The pilot, overseen by University College Utrecht, is one way of doing basic income. People have proposed everything from a universal benefit open to all (even people with money already) to a more conditional arrangement based on existing income. The advantage of universality, aside from morality, is that the program is cheap and easy to administer.
The Latest on: Basic income
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The Latest on: Basic income
- CityLab Daily: How A Basic Income Program Lifted Employmenton March 5, 2021 at 10:43 am
The finding is groundbreaking given that statistically significant data on basic income's impact on employment is rare. The study also found that receiving the cash led to less pain, anxiety, and ...
- The Biggest Payoff From Stockton’s Basic Income Program: Jobson March 5, 2021 at 7:40 am
A new report on the California’s city’s no-strings-attached money experiment shows that the $500 monthly stipend did more than improve recipients’ well-being: It helped them find work.
- Universal Basic Income experiment shows signs of success in Stockton, Calif.on March 4, 2021 at 9:24 pm
CNBC's Kate Rogers joins "The News with Shepard Smith" to report on a new study in Stockton, Calif. that shows Universal Basic Income has shown signs of success.
- Universal Basic Income Works, According to This California Programon March 4, 2021 at 2:54 pm
A universal basic income is a payment sent by the government to ensure that everyone has some minimal financial support. It has gone under different names over the years, such as a negative income ...
- Study: Giving People Basic Income Cash Helps Them Get Higher Paying Jobs, Lead Happier Liveson March 4, 2021 at 8:50 am
A year's worth of data from a basic income pilot program also suggests that money without strings reduces anxiety and depression.
- Early results of Californian basic income trial report successon March 4, 2021 at 8:34 am
The results from the first 12 months of a small universal basic income trial in California suggest those receiving the monthly unconditional payments report increased rates of employment and improved ...
- Study Shows Stockton Universal Basic Income Experiment Led to Increased Employmenton March 4, 2021 at 7:07 am
After getting $500 per month for two years without rules on how to spend it, 125 people in Stockton paid off debt, got full-time jobs and reported lower rates of anxiety and depression.
- One California city ran a Universal Basic Income Experiment. Employment rates went up.on March 3, 2021 at 12:07 pm
Former Mayor of Stockton, California, Michael Tubbs, joins Katy Tur with the findings from his two-year UBI experiment.
- Basic income payments increased full-time employment in California studyon March 3, 2021 at 11:26 am
An effort by a California city to provide basic income payments to some 125 residents ended last month, with officials recording rising levels of full-time employment among the study's participants ...
- Employment rises in universal basic income experimenton March 3, 2021 at 9:37 am
The real-world experiment gave 125 people $500 per month with no rules on how to spend it. The result was more full-time work and less debt and depression.
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