"So many people who used to work for wages instead started businesses that there was less competition for wage work, and overall wages in villages rose as a result."
The 12-year #BasicIncome pilot in Kenya is resulting in tons of new businesses, higher wages, and happier less-stressed out people.
vox.com/future-perfect/2023/12…
The first results from the world’s biggest basic income experiment in Kenya are in
Money always helps, but for the very poor, one lump sum can last a long time, according to new research on the GiveDirectly pilot, done by MIT economists Tavneet Suri and Nobel Prize winner Abhijit Banerjee.Dylan Matthews (Vox)