Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Universal basic income to get another test, in Kenya



Universal basic income will get another test, this time in Kenya.

GiveDirectly will provide 6,000 rural Kenyans with $0.75 per day for the next dozen years.

That’s about half the adult income in Kenyan villages, according to Omidyar Network, which provided almost $500,000 towards the $30 million pilot.

The premise of universal basic income — that money to meet basic needs reduces the stress of poverty or under- and unstable employment — is being tested from Finland to San Francisco.

Tesla’s Elon Musk last week said such support is necessary because, “There will be fewer and fewer jobs that a robot cannot do better.”

In Kenya, basic income addresses not only poverty but “premature deindustrialization” in a region where globalization and automation mean manufacturing jobs may never come.

Photo credit: Amit Dave/Reuters

You might also like...