The coronavirus pandemic has highlighted the value of simply giving cash to those in need.
Why it matters: The worst economic effects of the pandemic have been partially ameliorated by no-strings-attached cash transfers. With the economy unlikely to recover for months or longer and the job-destroying threat of automation growing, the pandemic could be laying the groundwork for a universal basic income.
What’s happening: The charity GiveDirectly announced recently it had successfully delivered $1,000 cash payments to 100,000 American families since the start of the pandemic, as part of the largest direct giving response to COVID-19. The organization targets […]
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