Chicago, Los Angeles embrace universal basic income

Chicago, Los Angeles embrace universal basic income

Los Angeles, Chicago offer universal basic income Chicago and Los Angeles will launch universal basic income pilot programs , with applications opening tomorrow.

Los Angeles will pay $1000 to 3200 families every month, while Chicago will send $500 to 5000 families. The programs will cost $40 million and $31.5 million, respectively, according to FOX Business reporter Grady Trimble.

Applicants for the Chicago program will be chosen at random but must earn less than $35,000 a year to qualify. Mayors Eric Garcetti and Lori Lightfoot have hailed the programs as the necessary step to "lift" people out of poverty, but critics have […]

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