Chicago, Los Angeles Launch Universal Basic Income

Chicago, Los Angeles Launch Universal Basic Income

Photo : FREDERIC J. BROWN/AFP via Getty Images Chicago and Los Angeles are launching a universal basic income program, with the two being the largest basic-income pilots in the United States.

Los Angeles’ universal basic income program will give $1,000 a month for a year to about 3,000 families living below the poverty threshold. This amount is the biggest in the U.S. so far, according to a Business Insider report.

There are no rules for how the families should spend the money under the program called the Basic Income Guaranteed: Los Angeles Economic Assistance Pilot. Eligibility can be applied if […]

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