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.
Universal basic income
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.
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.