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IT
Can Monthly Cash Payments Make Our Economy More Equitable?
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YES! Magazine - Economy
Two guaranteed income projects in New York City and Atlanta are showing how modest monthly cash payments to low-income women of color can make a huge difference in alleviating race and gender-based economic inequities.
Guaranteed income projects are distinct from presidential candidate Andrew Yang’s idea of a universal basic income, which is premised on cash payments to everyone, not just the most vulnerable.
“Guaranteed income has long been on the list of demands to receive racial and economic liberation,” she says.
Guaranteed income projects, in contrast, impose no requirements on how the money can be spent and no judgments on what recipients choose to spend on.
And momentum is building for publicly funded programs in cities across the country as leaders organize under the network Mayors for a Guaranteed Income.
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