Tag: guaranteed income

Pencils, Laptops, and Guaranteed Income

Pencils, Laptops, and Guaranteed Income

Rooted School sophomore Layla Cornish participated in the school’s $50 Study as a freshman. The study gave students a weekly stipend of $50. (La’Shance Perry/The Lens) For the first day of her sophomore year, Layla Cornish strode into Rooted School clad in a denim jacket and bright pink Crocs with a matching Croc purse.

This year, she’s looking forward to dance-team tryouts, reconnections with friends, and the dual-enrollment science classes she’s taking to earn early college credits as she works her way toward becoming a nurse.

But, to her disappointment, the new school year marks the end of the $50 payments […]

Study: Recipients of universal basic income work fewer hours, are less productive

Study: Recipients of universal basic income work fewer hours, are less productive

(Source: Pexels) A recent study by the National Bureau of Economic Research reveals that recipients of universal basic income, or UBI, tend to work fewer hours and show decreased productivity. Titled “The Employment Effects of a Guaranteed Income: Experimental Evidence From Two U.S. States,” the study examines the potential impacts of UBI on employment, income levels, health, and overall well-being.

UBI is a policy proposal that provides all citizens with a regular, unconditional sum of money from the government. This concept has sparked significant debate, with proponents arguing it could alleviate poverty and opponents cautioning against its potential negative effects […]

Eva Vivalt leads landmark basic income study

Eva Vivalt leads landmark basic income study

Assistant Professor Eva Vivalt. Eva Vivalt, an assistant professor in the Department of Economics, played a leading role in a research practice partnership (RPP) that spent years exploring the effects of unconditional cash transfers on individuals living in poverty. Picture merging the profiles of a billionaire tech mogul, top academics from elite research institutions, and a diverse group of 3000 Americans struggling below the poverty line. This illustrates the scale and depth of their methodical and meticulous research study .

One thousand people with average annual household incomes of $29,000 living in Illinois and Texas received transfers of $1000 per […]

Is guaranteed income the answer to children’s economic mobility?

Scripps News · Just In

Families in Baltimore are receiving assistance from the non-profit Chair Baby, led by Nadya Duchin. The organization provides essential items like diapers to families in need, aiming to alleviate financial pressures associated with raising a child. Duchin’s observations suggest that the lack of basic necessities like diapers can lead to parents missing work, exacerbating economic hardships. In an effort to address these financial challenges more comprehensively, the Maryland Child Alliance has proposed a plan for Baltimore to give $1,000 to new parents for each child born or adopted. This initiative is inspired by a similar […]

THE UTILITY AND LEGALITY OF MUNICIPAL GUARANTEED INCOME PROGRAMS

Clayton P. Gillette

New York University School of Law Abstract

More than 100 cities in the United States have implemented some form of program to provide guaranteed income transfers to low-income residents. These programs typically offer cash payments to low-income residents without any requirements that recipients provide any service in return and without any restriction on how recipients spend the funds. They thus provide "no strings attached" funding of a type that many commentators have lauded as an effective way to address poverty, compensate for changes in work that have arisen in the wake of automation and globalization […]

Basic Income Grant supporters hold national march

Basic Income Grant supporters hold national march

While many Namibians spent the day commemorating Heroes’ Day, others took to the streets, demanding the government implement a Basic Income Grant (BIG) for unemployed citizens up to age 59.

In Katima Mulilo, demonstrators held placards with messages like “We are hungry” and “We reject hunger.” They emphasized that while it is important to honour the heroes of Namibia’s liberation struggle, securing social and economic stability is equally vital.

Their petition was received by Control Administration Officer Kamwi Sinvula, who promised to deliver it to the Chairperson of the Zambezi Regional Council, Matengu Simushi.At Walvis Bay, protesters argued that poverty and […]

Is guaranteed income the answer to children’s economic mobility?

Is guaranteed income the answer to children’s economic mobility?

There are currently over 11 million children living in poverty in the United States.

However, there is no shortage of ways parents can help their children break that cycle. Solutions range from guaranteed immediate income programs to 529 accounts, where the state actually deposits money into a college account that the child can use for college expenses at age 18.

Nadya Dutchin runs the nonprofit organization ShareBaby. The charity provides diapers and other essential items to families in the Baltimore area. She sees firsthand what happens when families can’t understand the financial impact of bringing a child into the world. RELATED […]

Is guaranteed income the answer to children’s economic mobility?

Is guaranteed income the answer to children's economic mobility?

Scripps News speaks with experts about ways to address childhood poverty. (Scripps News) Posted

and last updated

Right now, there are more than 11 million children living in poverty in the United States.However, there is no shortage of ways parents can help their children break that cycle. Solutions range from immediate guaranteed income programs to 529 accounts, in which the state actually deposits money into a college account that the child can use for college expenses at the age of 18.Nadya Dutchin runs the nonprofit ShareBaby. The charity provides diapers and other essentials to families in the Baltimore area. […]

The Human Costs of China’s Gig Economy

The Human Costs of China’s Gig Economy

China’s booming gig economy promises convenience but hides a darker reality. Beneath the surface of convenience and fast deliveries lies a web of human costs, including physical and mental health struggles, financial insecurity, and a growing skills gap.

China’s bustling metropolises are a testament to a society on the move. Convenience reigns supreme, fuelled by a thriving food delivery ecosystem powered by apps like Meituan and Ele.me . However, beneath the surface of rapid service lies a dark undercurrent—the hidden human cost borne by millions of delivery drivers racing against the clock.

The efficiency “rat race” China has the […]

Pensioners warned this may be last chance to get £7,000 a year guaranteed income for life

Pensioners warned this may be last chance to get £7,000 a year guaranteed income for life

Once interest rates start falling annuity rates will follow (Image: Getty)

Annuities offer the security of a guaranteed income for life, no matter how long you live, and sales have rebounded sharply as rising interest rates boost returns. But the trend is set to go into reverse.

The Bank of England cut interest rates from 5.25% to 5% on August 1 and may cut once or twice more this year. If it does, annuity rates will slide.Experts are urging pensioners interested in buying an annuity to act sooner rather than later, to take advantage of today’s higher rates.Today, a 65-year-old can […]