NEWARK, NJ — Wages are plummeting. Rent and other living expenses are skyrocketing. And long before the coronavirus crisis, nearly half of American families were unable to survive a $400 emergency. These are just a few reasons why Newark is considering giving its 282,000 residents a “guaranteed income,” city officials say.
On Thursday, Mayor Ras Baraka and the recently formed Guaranteed Income Task Force released their plan to try out the concept of universal income in New Jersey’s largest city.
Universal basic income – offering people regular cash payments with little or no requirements –remains a controversial way of fighting poverty. […]
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