Michael Tubbs, Mayor of Stockton, poses for a photograph at his office in Stockton, California on February 7, 2020. Mayor Tubbs, with the help of the Stockton Economic Empowerment Demonstration, implemented an 18-month trial of Universal Basic Income for 125 residents of his city. The scoffed-at idea of paying everyone a basic income as machines take people’s jobs is getting a fresh look as a possible remedy for economies cratered by the coronavirus pandemic. NICK OTTO/AFP via Getty Images Story at a glance Nearly 40 percent of Americans cannot afford $400 for an unexpected emergency expense, and rising income […]
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