Tag: guaranteed income

The Fresno County Economic Opportunities Commission (EOC) will administer a $1 million pilot anti-poverty program by providing 150 qualifying families (75 from Huron and 75 from the city of Fresno) $500 per month for 12 months. 4 This local guaranteed basic income (GBI) program is called Advancing Fresno County Guaranteed Income. 1,2,3

In March 2024, the EOC began accepting applications to the program. 1 After reviewing about 10,000 applications, the EOC selected 150 families and began sending checks to those families in July.

Over the years, many governmental and nongovernmental programs have addressed poverty. Some of the complaints regarding poverty […]

Full Post at fresnoalliance.com

The Final Stimulus Checks Issued in August IRS: the fine line between a hobby and a business, discover the difference

Discover the stores you can use Food Stamps online if you get a SNAP payment of up to $1,751 in August

Retirees Changes in Social Security payment dates this week In a surprising turn of events, four U.S. states have decided to halt the distribution of stimulus checks starting in August 2024 . This move, affecting West Virginia, Wyoming, Idaho, and Kansas, has sparked considerable debate among residents and lawmakers. While some states continue to provide […]

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As artificial intelligence continues to elevate its prominence, an unsettling prospect looms on the horizon: the displacement of millions of jobs. In response to this growing concern, tech entrepreneurs in Silicon Valley, led by the influential figure Sam Altman of OpenAI, are championing the concept of unconditional cash aid as a viable solution to mitigate the impact of technological unemployment. This proposal encompasses a unique experiment aiming to explore the ramifications of providing significant financial support to those at risk of economic instability.

The initiative’s premise emerged amid increasing speculation about the potential job losses resulting from advancements in AI […]

Full Post at evrimagaci.org

How AI will impact our lives Have you ever wondered what the future holds for your job in an age dominated by artificial intelligence? As AI and automation technologies advance, they promise to revolutionize the way we work and live. But what does this mean for our economy and our livelihoods? This overview by Helena Liu explores the potential for AI to replace human roles, the economic consequences of widespread job displacement, and possible solutions like Universal Basic Income (UBI). How AI Will Impact Your Life

Key Takeaways : AI and automation are transforming the economy and job market, […]

Full Post at www.geeky-gadgets.com

India’s economy seems to be doing well, but not many Indians are. Securing basic amenities such as food and housing is something that a rather large sect of our population still seems to be struggling with. During these trying times, providing unconditional financial assistance to those in need might seem like the thing to do — if only things were as simple as that.

This concept of a guaranteed or universal basic income (GBI or UBI) is a form of ‘freebie’ — a term that many Indian politicians use to refer to the give-aways from the state. The concept is […]

Full Post at www.businessinsider.in

Los Angeles is making moves to double down on a pilot program that offered a lifeline to some of its most vulnerable residents by providing $1,000 per month in guaranteed basic income. Amid the findings of a new study, LA City Council members are pushing to further the program. Councilmen Curren Price, Marqueece Harris-Dawson, and Hugo Soto-Martinez introduced a motion Tuesday to secure a $4 million to $5 million investment in hopes of expanding the initiative, as reported by ABC7 . Through the Basic Income Guaranteed: Los Angeles Economic Assistance Pilot (BIG:LEAP), 3,200 low-income families received unconditional financial assistance.

Participants […]

Full Post at hoodline.com

A businessman gives money to a man to illustrate universal basic income. By Atstock Productions/stock.adobe.com Our modern use of the word “utopia” came from Thomas More’s work Utopia, published in 1516. Utopia is Greek for “no-place,” so some scholars interpret More’s novel as satire. Utopia and the concept of dystopia (“bad-place”) remind us of how unattainable a society without ails seems. Some believe universal basic income would be a step toward a genuinely equal, prosperous society, a “ eutopia ’ (good-place). What is universal basic income? Would it lead to a dystopia or move us toward an equal society? […]

Full Post at www.denisonforum.org

The results are in for the largest basic income pilot program in the US.

Participants in the Los Angeles-based program reported that they had better employment outcomes, felt safer at home, enrolled their kids in more extracurriculars, and were more likely to leave domestically abusive situations, according to the pilot study’s results.

The Basic Income Guaranteed: Los Angeles Economic Assistance Pilot , or BIG:LEAP, gave over 3,200 households $1,000 in monthly no-strings-attached cash payments for 12 months starting in January 2022. Participants had to have or be expecting a dependent child and fall below the federal poverty threshold, with average household […]

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