Unique new research is looking at the effects of UBI during a pandemic by analyzing data from a massive ongoing 12-year income study in Kenya, and its conclusion suggests the policy may help individual well-being but it is not a silver-bullet solution in times of extreme disruption.
Following in Stockton’s footsteps, the city of Compton, California, has launched its own basic income program called the Compton Pledge that will aim to assist 800 people through no-strings-attached direct cash payments over two years.
The New Leaf project took 115 homeless people who were confirmed not to have serious mental or substance abuse problems, and put $7,500 in the pockets of 50 of them to see if they could turn their life around. One entire year later, most recipients still had $1,000 in savings and 67% were could still feed themselves every day.
120 volunteers will get monthly payments of €1,200, or about $1,400, as part of a study testing a universal basic income.
The study will compare the experiences of the 120 volunteers with 1,380 people who do not receive the payments.
Pittsburgh Mayor Bill Peduto announced that his city is now joining 15 other American cities in a program receiving funding from Twitter CEO Jack Dorsey, in which eligible residents will receive $500 in monthly “guaranteed income.”
The money used to start the program will come from funds Dorsey gave that is allowing Pittsburgh and 15 other cities to help those who are struggling during the economic crisis brought about by the coronavirus pandemic.
The mayors of Los Angeles, Oakland, Atlanta, Georgia, Tacoma, Newark, Saint Paul, Jackson, Compton, Shreveport, and Stockton have joined Mayors For A Guaranteed Income, a coalition advocating for UBI policies, or the idea of giving out recurring cash payments to all individuals without any strings attached.
The world’s most robust study of universal basic income has concluded that it boosts recipients’ mental and financial well-being, as well as modestly improving employment.
Sikkim will provide cash payments to each of its 610,000 citizens the largest basic income experiment in history.
Stockton, Calif., hopes to become an exhibition ground for fighting poverty with a simple yet unorthodox experiment: giving $500 a month in donated cash to perhaps 100 local families, no strings attached.
Once it is further reviewed, this data could potentially convince those on the fence that UBI is, at the very least, worth investigating with small, U.S.-based trials. It at least opens up the discussion by suggesting that, even when people receive supplemental income from the government, their drive to work doesn’t simply dissipate.