Tag Archives: experiment

Guaranteed Basic Income—Still a Utopian Dream?

There’s no doubt that talk of a guaranteed basic income (GBI) is gaining momentum. It’s not a groundswell by any means—it hasn’t caught the interest of a critical mass, but its slowly becoming a buzzword.

Last week I wrote about the GBI, discussing its history, and listing countries that have already implemented a version of it. I realize now, as I continue my research, that some of my facts were not completely accurate, so I’m revisiting it.

Here’s how the GBI currently stands:

In Kenya, participants from selected villages are included in a basic income project. They receive a basic income through a charity program, GiveDirectly, a New York-based nonprofit. Initiated in the fall of 2016, this 12 year pilot program includes 95 participants in a rural village in Western Kenya, who receive about $22US every month, to save or spend as they see fit. Before GiveDirectly began the payments, many people in the village were living on less than $0.75US a day. Afterwards, an analysis claimed that “for 45% of the village’s residents, the first month’s basic income payment was the largest amount of money they’d ever had.” read more