For decades, advocates of universal basic income have claimed that the cure for poverty is to provide an income floor that citizens will never drop below. Silicon Valley start-ups believe they have a solution for people who fear jobs will be lost to machines as automation becomes more prevalent.
Beginning this fall in a city just 80 miles east of Silicon Valley, tech giants are kickstarting the nation’s first universal basic income experiment, giving away $500 a month to residents of Stockton, Calif., with no strings attached. In the city once known as the nation’s foreclosure capital, Facebook co-founder Charles […]
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