Financial Times Editorial Board Calls for Basic Income to Reverse the Policy Direction of the Last Four Decades

If there is a silver lining to the Covid-19 pandemic, it is that it has injected a sense of togetherness into polarised societies. But the virus, and the economic lockdowns needed to combat it, also shine a glaring light on existing inequalities — and even create new ones. Beyond defeating the disease, the great test all countries will soon face is whether current feelings of common purpose will shape society after the crisis. As western leaders learnt in the Great

Income Inequality

Credit: Hanna Barczyk

Do markets require redistribution to avoid market failure due to excessive inequality?

Wealth inequality is escalating at an alarming rate not only within the U.S. but also in countries as diverse …

The Great Depression of the 1930s was exacerbated by a series of policy blunders. Photograph: Bettmann Archive

With growth this tepid, is it time to give ‘helicopter money’ a whirl?

Growth is the default setting for modern economies. Humans innovate and improve, find better ways of doing things. Only …

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The Significance of an Unconditional $1,000 per month

Andrew Yang’s plan to provide $1,000 in government-sponsored payments to every American adult each month — an “allowance for …

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‘Socialism for the rich’: the evils of bad economics

Article originally published on June 6th, 2019. In most rich countries, inequality is rising, and has been rising for …

Pilots & Experiments

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Privately-Funded Basic Income Experiment Begins in Japan

Overview of the Social Experiment The ‘Maezawa Basic Income Social Experiment 2020’ is a monetary giveaway project in which …

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California state lawmaker introduces bill to create universal basic income of $1K a month

California Assemblyman Evan Low (D) introduced a bill this week to create a universal basic income in the state, …

Grace receives $22 a month as part of a 12-year universal basic income study run by the charity GiveDirectly that began in October 2016 in Western Kenya. Yasuyoshi Chiba/AFP/Getty Images

The Many Places Basic Income Has Been Tried Out in Some Way

After hundreds of years, basic income seems to be finally catching on. The general idea — that the government should give …

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Hull asks to be first UK city to trial universal basic income

Hull wants to become the first UK city to test a weekly universal basic income for its residents after …

The Social Debate

Volunteers pull carts full of food donations in London. The coronavirus pandemic has exposed the brittleness of many countries' economies © Hannah McKay/Reuters

Financial Times Editorial Board Calls for Basic Income to Reverse the Policy Direction of the Last Four Decades

If there is a silver lining to the Covid-19 pandemic, it is that it has injected a sense of …

A worker at a Chipotle restaurant waits on customers through a window on March 26, 2020 in Chicago, Illinois. Scott Olson / Getty

Basic Income in a Pandemic and Beyond

Politicians who represent the interests of capital clearly grasp the point that a UBI would tilt the playing field …

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We need to get money to everyone, and we need to improve how they get it too

To battle the economic crash from the coronavirus pandemic, Congress is sending Americans cash. The deal just hammered out will …

Stimulus checks being printed in 2008. Jeff Fusco/Getty Images

The $1,200 coronavirus checks, explained

After a week of Congress members and the Trump administration proposing various plans to get cash into the hands of …

Andrew Yang

A man carries a sign supporting former Democratic presidential candidate Andrew Yang's plan for a $1000 monthly universal basic income. | Drew Angerer/Getty Images

Universal basic income is gaining ground in some cities

NEWARK, N.J. — Local leaders across the United States are turning to private donors to fund an out-of-the-box policy …

Justin Sullivan/Getty Images; Win McNamee/Getty Images

Is UBI in New York City’s future?

We’re down to single digits. Eight Democratic presidential candidates remain after three dropped out this week: Senator Michael Bennet …

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Push for UBI continues on

Andrew Yang’s bid for the Democratic nomination is over, but supporters of his basic income policy say his campaign …

Andrew Yang and his team. | Eugene Daniels/POLITICO

Yang dishes on his sadness over losing and excitement for his next big venture

WASHINGTON — Andrew Yang looks at his phone and laughs: “Everyone thinks I’m going to announce for mayor tomorrow.” …

Success Stories

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How UBI Affects People’s Lives: A Compilation of Experiences from Basic Income Recipients

“In my experience, there is no clearer understanding of the concept of unconditional basic income than among those who …

Chuck, Janelle and Jodie inside their home in Goffstown. They were selected to receive $12,000 by 2020 candidate Andrew Yang.
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One Year on Andrew Yang’s UBI: How a N.H. Family Spent Their $12,000

How would an extra $12,000 a year change your lifestyle? Your life? The centerpiece of Andrew Yang’s presidential campaign …

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Early Results from Stockton’s $500/mo Basic Income Pilot

Stockton, California gave money to random recipients from neighborhoods where the median annual income is $46,000 – no strings …

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A photo update from 5 families receiving a basic income

In 2017, GiveDirectly launched a Universal Basic Income Program. As part of this program, we are running a randomized control …

The Basics of UBI

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Life, Liberty, and Universal Basic Income

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their …

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Universal basic income is about universal basic security

Imagine, for a moment, that the robots have won. The year is 2049—the same year researchers once pegged as …

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We All Deserve An Income Floor: Why the Bold Policy of Basic Income Works

If guaranteed income is an attempt to provide people with more resources—resources that come with very few restrictions—it demands …

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The Fall and Rise of the Basic Income Movement

Forty years ago today—February 7, 1980—was a small milestone for the Universal Basic Income (UBI) movement: Milton and Rose Friedman dedicated …

Workforce Automation

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41 Percent of Companies Are Accelerating Plans To Automate As Coronavirus Forces Workers To Stay Home

Almost half of company bosses in 45 countries are speeding up plans to automate their businesses as workers are …

Flippy the robot running a fry station at Miso Robotics’ test kitchen in January in Pasadena.(Gina Ferazzi/Los Angeles Times)

New fast food robot costs $3 per hour

In a test kitchen in a corner building in downtown Pasadena, Flippy the robot grabbed a fryer basket full …

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The robots are here, they’re working in management, and they’re grinding workers into the ground.

In warehouses, call centers, and other sectors, intelligent machines are managing humans, and they’re making work more stressful, grueling, …

Amazon Go Grocery is open from 7:00 a.m. to 11:00 p.m., Sunday through Thursday; and until midnight Friday and Saturday. Suzi Pratt

Inside Amazon’s First Full-Blown Cashierless Supermarket

Is this the future grocery shoppers want? Jeff Bezos sure hopes so. The first ever Amazon Go Grocery — which opens …