Y Combinator announced plans Wednesday to hand out more free cash.
The Silicon Valley technology startup-incubator known for its work with Airbnb and Reddit made headlines in 2016 for its first basic income trial. It gave a small group of Oakland residents handouts to test how the money would impact their behavior.
Now, Y Combinator is expanding its research and will select 3,000 individuals at random to participate in a study: 1,000 people will receive $1,000 a month for five years, and the remaining 2,000 will be part of a control group and receive $50 a month.The company’s team of […]
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