Later this year, the city of Stockton, California, will begin giving a select group of poor residents $500 a month in an experimental program to test the effects of giving people a universal basic income, or UBI. Though this initial program, which will run for a period of 12-18 months, will be funded by a million-dollar private grant from a tech group called the Economic Security Project, it will involve only 100 families in a city of city of 300,000 people where one in four residents lives below the official poverty line. That means as many as 75,000 people […]
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