In 2020, amid widespread layoffs and economic turmoil brought on by the COVID pandemic, 1,000 low-income people in Texas and Illinois won something of a lottery. They were selected to receive $1,000 ...

A recent study on basic income, backed by OpenAI founder Sam Altman, shows that giving low-income people guaranteed paydays with no strings attached can lead to their working slightly less, affording ...

Forbes contributors publish independent expert analyses and insights. C M Rubin covers AI, education, and innovation globally. Seamless loop of Universal basic income Concept, 3D animation.

Universal basic income was once thought politically impossible. Then came Andrew Yang and COVID-19. Basic income programs are now gaining traction, offering payments to struggling families. Many ...

Universal basic income and guaranteed basic income programs offer unconditional, recurring payments. Basic income pilots are active in the US but have also been tried worldwide. Countries like Kenya ...

The policy of providing guaranteed cash incomes has gained momentum in recent years. This tool to tackle inequality has the ...

Forbes contributors publish independent expert analyses and insights. AI researcher working with the UN and others to drive social change. The global economy stands at an inflection point. While ...

Free money makes people less likely to work. If common sense doesn’t convince you of that, a new study should. In July, a National Bureau of Economic Research paper looked at the effects of a ...