This Silicon Valley giant will give some $1,000 and others $50 a month to trial basic income

Start-up accelerator Y Combinator plans to roll out its initial cash handout trial to thousands of people across two U.S. states. Photo by Bloomberg

Start-up accelerator Y Combinator plans to roll out its initial cash handout trial to thousands of people across two U.S. states.

Its President Sam Altman has been one of many top Silicon Valley bosses to get behind the idea of basic income – the idea that all citizens should be paid a regular sum of money regardless of their employment status.The incubator has already piloted a study of the effects of introducing a basic income. It gave […]

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