When considering how to structure social welfare programs to help society’s most vulnerable, it may be helpful to define the difference between universal basic income and guaranteed income. Whereas universal basic income gives all citizens a set amount of cash regardless of need, guaranteed income distributes money to people with the highest need and who’ve been historically impacted by lack of opportunities. Image courtesy Adobe Stock. When Cassandra Staff MBA ’11 was working on a new program that’s providing 150 families in Silicon Valley $1,000 each, no strings attached, every month for two years, she knew to expect pushback […]
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