In Stockton, California, a stone’s throw from the cradle of the tech revolution, former Mayor Michael Tubbs witnessed two starkly different realities: the promise of progress and the persistence of poverty. Understanding these parallel worlds, Tubbs, guided by the vision of social pioneers like Martin Luther King Jr., implemented a bold financial experiment aimed at bridging this divide: a guaranteed income pilot in 2019.
Stockton’s unique approach, providing 125 residents with $500 monthly without any stipulations, was not merely an act of charity, but a strategic move in anticipation of the forthcoming artificial intelligence (AI) upheaval expected to reshape the […]
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