Thursday, June 09, 2016

Oakland, California Will Host Pilot Program/Experiment for Guaranteed Income

Oakland, California, will host what may be the first universal basic income experiment in the United States.

Around 100 families will be given a minimum wage as part of a pilot experiment by startup accelerator Y Combinator.

They will be given between $1,000 and $2,000 each month to see how the basic income affects their happiness, well-being and how they spend their time.

Oakland was chosen for its social and economic diversity and the fact it has areas of concentrated wealth and considerable inequality. Participants were selected randomly across the economic spectrum and include both the employed and jobless.

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