Money for nothing: is universal basic income about to transform society?

The concept of a guaranteed income is gaining traction as a solution to the impact of AI and way to encourage more rewarding and socially valuable work

When Elinor O’Donovan found out she had been randomly selected to participate in a basic income pilot scheme, she couldn’t believe her luck. In return for a guaranteed salary of just over €1,400 (£1,200) a month from the Irish government, all the 27-year-old artist had to do was fill out a bi-annual questionnaire about her wellbeing and how she spends her time. “It was like winning the lottery. I was in such disbelief,” she says.

The income, which she will receive until September 2025, has enabled her to give up temping and focus instead on her art. “It covers my living expenses, my rent, food and day-to-day stuff.”