Share Stockton, a city in the United States, with a population over 300,000, began an experiment of universal basic income from Friday. One hundred residents received an extra 500 U.S. dollars in their monthly salary for the next 18 months.
The recipients in the Stockton project will be able to spend the money distributed via pre-paid debit cards without strings attached, CNN reported on Saturday, noting researchers on this project will follow what categories the recipients spend the most in but not the actual purchases.
The whole project was backed with 1 million U.S. dollars donation from the Economic Security Project, […]
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