this post was submitted on 07 Dec 2023
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It's an unprecedented – and massive – experiment: Since 2017 the U.S.-based charity GiveDirectly has been providing thousands of villagers in Kenya what's called a "universal basic income" – a cash grant of about $50, delivered every month, with the commitment to keep the payments coming for 12 years. It is a crucial test of what many consider one of the most cutting-edge ideas for alleviating global poverty. This week a team of independent researchers who have been studying the impact released their first results.

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[–] Kalkaline@leminal.space 8 points 10 months ago (1 children)

Maybe, we saw a huge recovery with relatively small amounts given to regular people (and ridiculous amounts given to businesses). I can only imagine what the PPP loans would have done for poverty had we just given them to poor people instead of rich people.

[–] yenahmik@lemmy.world 4 points 10 months ago (1 children)

This is roughly the equivalent of giving an American ~$42k. I think that amount of money would have a huge impact on people's well being.

Note: I looked up Kenya's per capital GDP which is ~$2k USD. Based on on the article stating they received $50 per month, than means the lump sum was 60% of the GDP. 60% of the US's GDP per capita is ~$42k

[–] asret@lemmy.zip 4 points 10 months ago (1 children)

$50 per month is $600 per year, or %30 of GDP.

So $21,000 for an American. Still a significant amount.

[–] yenahmik@lemmy.world 3 points 10 months ago

But they gave them 2 years worth of funds, so you would double the number.