The mayor of Stockton, Calif. wants to provide a universal basic income for the city’s poorest residents.
Starting this year, an experimental program called the Stockton Economic Empowerment Demonstration (SEED) will pay $500 a month to a few hundred of the city’s low-income residents, no strings attached.
The idea behind universal basic income, or UBI, is to provide a degree of economic security for the most vulnerable people in a community. The goal is to counteract the destabilizing forces of globalization and technological innovation that has lead to job loss and wage stagnation for countless workers, according to CNBC .A lot […]
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