Finland is on the verge of launching a two-year experiment in which a randomly selected group of 2,000 unemployed people—from white-collar computer programmers to blue-collar construction workers—will receive a monthly stipend of $580 in lieu of their typical benefits.
Meanwhile, the Silicon Valley startup incubator Y Combinator is preparing to launch a pilot project in Oakland, California, in which 1,000 families will receive unconditional cash grants ranging from $1,000 to $2,000 per month.
Will these basic income projects stimulate job growth and boost the economy? Will they improve people’s happiness and well-being? Will universal basic income ever become a reality for […]