Tag: guaranteed income

Andrew Yang talks to voters at a café in Somersworth, New Hampshire. (Paul Steinhauser) SOMERSWORTH, N.H. – Several Democratic presidential candidates are pitching government-backed health care , child care and education in their 2020 platforms .

Andrew Yang is going a step further — pushing a plan for "universal basic income." And to demonstrate what he’s talking about, the entrepreneur from New York City and uber-longshot for the Democratic presidential nomination is personally giving away money to families in Iowa and New Hampshire, the states that vote first and second in the presidential caucus and primary calendar.

GREEN NEW DEAL […]

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Rahul Gandhi, president of India’s main opposition Congress party, has promised nothing less than to end hunger and poverty by introducing a government-funded universal basic income for the country’s rural poor. Photo: Reuters Call it competitive populism. As the campaigning gains pace ahead of an Indian general election that must be held by mid-May, the governing BJP of Prime Minister Narendra Modi and the opposition Congress party are locked in an epic struggle to win over voters.

In recent weeks, each has rolled out plans to ramp up public welfare spending on the country’s rural poor. But while some of […]

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Cash-strapped Chicago proposes a universal income program Some residents may be about to found out. A new proposal unveiled by a mayoral task force late last week would provide 1,000 struggling Chicagoans with $1,000 per month — no strings attached.

According to the Chicago Sun-Times , the pilot program, which would cost up to $12 million per year and be funded by the city and philanthropic contributions, was recommended as a way to help individuals and families, along with senior citizens, who have a hard time making ends meet.

“Guaranteed income can have powerful effects: significant reductions in poverty; ability […]

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Finland’s Social Insurance Institution just released results from a two-year experiment with Universal Basic Income. The plan was simple. Instead of only giving unemployment benefits to people who are out of work, Finland would randomly select 2,000 people who would receive a monthly payment whether or not they worked. This guaranteed income was supposed to encourage people receiving it to take more jobs or even start new businesses. But that’s not what happened. From the official press release : ‘On the basis of an analysis of register data on an annual level, we can say that during the first […]

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The first nation in Europe to give citizens free cash has failed to encourage its participants to work more, but it is believed to have improved their well-being.

Under Finland’s two-year basic income trial, 2,000 randomly selected unemployed 25- to 58-year-olds were given €560 per month, with no requirement to look for work.

Recipients who started work received the same amount.The trial is due to end in 2020 in Finland where the official unemployment rate was 5.4 per cent last year.Proponents of a “universal income” call for a monthly payment or “citizens’ wage” to be given to all adults, regardless […]

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A universal basic income has been around as an idea since the 1960’s but few state or local governments in America have actually tried it. That may change in Chicago as a panel of experts assembled by Mayor Rahm Emanuel is recommending that "struggling" Chicagoans be given $1000 a month, no strings attached. Some Chicago families could start collecting a $1,000 check every month with no strings attached. That’s the new proposal from a task force created by Mayor Emanuel. The idea is to break the cycle of poverty. The pilot program would give 1,000 struggling Chicagoans $1,000 a […]

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From January 2017 until December 2018, 2,000 Finns without jobs were provided with a monthly payment of the equivalent of about $634 US dollars for two years. Results of the pilot project The aim of the project was to provide a safety net. It was thought that this might help the participants find work or else would support them if they had to take occasional or part time work. The income did not appear to help them find jobs but the participants do report that they felt happier and less stressed. Project was run by Finland’s social insurance institution […]

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The BBC recently reported on the results of Finland’s new basic income program.

For one year, 2,000 randomly selected unemployed people were given an unconditional monthly basic income of $685 US dollars. The program was created by the Social Insurance Institution (Kela), which is a Finnish government agency. The aim was to see if a safety net could help people find better work

The aim of the program was to see if a safety net would help people find work, or if it would support them if their main source of income was from insecure gig economy jobs. Researchers at […]

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Beginning in 2017, some 2,000 recipients of unemployment benefits were given a monthly stipend of €560, tax-free and without any conditions, as part of an experiment in simplifying welfare and lowering unemployment.

A preliminary report published on Friday by the Finnish welfare administration Kela shows that the experiment’s effect on unemployment or self-employment was almost nonexistent. However, the recipients of the stipend reported feeling happier and less stressed than the control group, made up of those who received traditional unemployment and welfare benefits. #Finland ’s basic income scheme did not spur its unemployed recipients to work more to supplement their […]

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