What is ‘universal basic income,’ and why is everyone talking about it?

By Tina Irgang

In 2017, several countries and at least one company are poised to embark on a major social experiment: What if people were simply handed a certain amount of money each year, no strings attached?

Silicon Valley has long advocated for the idea of a universal basic income, but startup accelerator Y Combinator is poised to launch an actual trial run. The company will select 100 families from Oakland, CA, and provide them between $1,000 and $2,000 a month for up to a year, according to The Guardian .“In our pilot [study], the income will be unconditional; we’re […]

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