May 1 – Why Silicon Valley is embracing universal basic income

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Silicon Valley has, paradoxically, become one of the most vocal proponents of universal basic income (UBI). Venture capitalist Marc Andreessen, web guru Tim O’Reilly and a cadre of other Silicon Valley denizens have expressed support for the “social vaccine of the 21st century”, and influential incubator Y Combinator announced on 31 May that it will be conducting its own basic income experiment with a pilot study of 100 families in Oakland, California – a short hop over the San Francisco bay.
Y Combinator will give each family between $1,000 and […]

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