A California city plans to give several dozen families $500 a month for a year as part of a program to study the economic and social impacts of giving people a basic income.
The program in Stockton will track what residents do with the money and how having a universal basic income affects their self-esteem and identity, San Francisco radio station KQED reported .
The Economic Security Project, co-led by Facebook co-founder Chris Hughes, is contributing $1 million to Stockton’s yearlong research project.Stockton Mayor Michael Tubbs is coordinating the effort in his city of 300,000 people where 1 in 4 residents […]
Full Post at abcnews.go.com