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More than two years after a group of residents of a northern California city began receiving unconditional monthly cash payments, the results of the public policy experiment are as follows: guaranteed basic income – designed to create an income floor – works, based on analysis of results Stockton Economic Empowerment Demonstration (SEED).
From February 2019 to February 2021, as part of a flagship initiative by former Stockton Mayor Michael Tubbs and funded by philanthropic donors, 125 Stocktonians with a median income of $ 46,000 per year received $ 500 per month via a prepaid debit card – extra income […]
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