image: Syprosa, Kenya. Image courtesy of Givedirectly What happens when you give people free money? The world’s largest basic-income experiment is trying to find out. Since 2018 the American charity GiveDirectly has been sending the equivalent of $22.50 a month to thousands of villagers in western Kenya. On December 1st researchers including Abhijit Banerjee, a Nobel prize-winning economist, presented results from the first two years of the trial.
The core idea of a universal basic income, which is intended to reduce poverty, is to send money to everyone, without strings attached, regardless of their earnings or if they are employed. […]
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