Income Inequality Solutions 101: Cash Money

In all the increasing talk about income inequality and what to do about it, a very basic solution to poverty with on-the-ground evidence to back up its premise has emerged: give cash to the poor. “Giving money directly to the poor turns out to be more efficient and productive than distributing food and goods through charities with high overhead,” is the provocative claim in a Bloomberg article about GiveDirectly, a charity started in 2009 by two Harvard grad students. That program’s success attracted millions from donors. Now, the nonprofit has generated a for-profit software business, Segovia Technology, that has gained $13 million in initial funding and earned contracts from Save the Children and the International rescue Committee. Sometimes the obvious answer is the simplest.

John Howell, Editorial Director

News & Blogs

10 hours 7 min ago

Interview with Joe Keefe, President and CEO, Pax World Funds

Women working in global supply chains are most at risk for being victims of unfair practices, violence, and slavery. The United Nations recognizes this and has created the Women’s Empowerment Principles to help companies view these issues through the gender lens.

18 hours 7 min ago

(3BL Media/Justmeans) – Though the world economy is still weak, it seems that U.S. consumers view their own current economic conditions favourably. While most Americans' personal financial situation probably doesn't change dramatically from one year to the next, an improving economy and soaring stock market are likely help them feel better about their own situation.

19 hours 7 min ago

(3BL Media/Justmeans) – Green activists have raised concerns for a long time about the growing apparel and footwear consumption worldwide and its adverse impact on the environment. Some of the leading manufacturers and retailers in the apparel and footwear industry are responding to the challenge by investing in green innovation to reduce their environmental footprint.

1 day 2 hours ago

(3BL Media/Justmeans) - Other than a few backward-looking politicians in Washington and their followers, most of us are well past arguing over whether the world is dramatically and fundamentally changing, and are onto the next thing, which is: what are we going to do about it? Resilience has become the next mindset supply stop on the road to the future. Whether it’s businesses or communities, this is the thing that is going to be most needed going forward.

The Global Resilience Partnership (GRP) was founded in 2014 to pursue this idea with a vision of “new solutions for new realities...

1 day 18 hours ago

(3BL Media/Justmeans) – The Bank of England governor, Mark Carney, has given a stark warning that climate change poses a huge risk to global stability.

1 day 19 hours ago

(3BL Media/Justmeans) – Only one-third of the waste in the U.S. is recycled, placing it well behind some other developed countries. A portion of the blame goes to outdated facilities and technologies, but many parts of the country also suffer from a lack of access to something as simple as a recycling bin. According to a recent study by Natural Resources Defense Council and As You Sow, major brands lose out on $11.4 billion in recycling revenue every year, apart from the potential environmental benefits.