Money for nothing: the truth about universal basic income

Money for nothing: the truth about universal basic income

Along the shores of Lake Victoria in western Kenya, mobile phones in several hundred villages ding in unison on the first of every month. For more than 21,000 adults, the sound means one thing: 2,250 Kenyan shillings appearing in their bank accounts. The cash equals one-quarter to half of the average income for a two-adult household in Bomet County, one of the poorest in Kenya.

The money (roughly US$22.50) arrives courtesy of the US-based charity GiveDirectly, which is studying the effects of handing people lumps of cash with no strings attached — an idea known as a universal basic income […]

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