The left-leaning National Bureau of Economic Research conducted a guaranteed income study that showed when people work less, they still have less money.
The study was titled “The Employment Effects of a Guaranteed Income: Experimental Evidence from Two U.S. States” and came out last month.
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A program announced earlier this year that will provide universal basic income (UBI) for black women in Atlanta has begun, according to a Tuesday report.
The program, which is being piloted by a nonprofit called the Georgia Resilience and Opportunity Fund (GRO), is called “In Her Hands.”
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Hundreds of black women in Atlanta will be the recipients of no-strings-attached monthly checks for the next two years thanks to a nonprofit’s experiment with Universal Basic Income (UBI).
The program will be centered in Atlanta’s Old Fourth Ward, birthplace of Martin Luther King Jr., which reportedly has one of the worst poverty rates in the city.
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Amid the ongoing feud between progressive Democrats and their more moderate counterparts over a $3.5 trillion infrastructure bill and legislation to abolish the filibuster, one progressive House Democrat is forging ahead.
Rep. Ilhan Omar (D-MN-05) Friday introduced a bill that would pilot universal basic income programs in certain geographic areas, before taking the program national within the next seven years.
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Richmond Mayor Levar Stoney is expanding a guaranteed income program, thanks to new funds from Twitter CEO Jack Dorsey. In October, days before Stoney was re-elected, he announced the Richmond Resiliance Initiative (RRI) would provide $500 per month for two years to 18 needy families, according to a press release. On Tuesday, Stoney announced that the city would receive a $500,000 grant that would allow them to expand the program to 55 families, thanks to a $15 million donation from Dorsey to association Mayors for a Guaranteed Income.
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by Spencer P. Morrison Word on the street is that Andrew Yang—a Democratic presidential hopeful—has a fat bag of cash that he’s willing to give out to all American citizens if he becomes president. Traveling with my staff, I told someone to secure the bag. — Andrew Yang🧢⬆️🇺🇸 (@AndrewYang) March 15, 2019 Although I have yet to see the bag, I trust Andrew Yang without reservation. The bag is secure and stuffed with paper. We can all look forward to getting a universal basic income (UBI) of $1,000 per month if he wins. Scratch that—when he wins. Who doesn’t want $1,000 a month? I do, and I know that you do, too. The question is: do we need UBI? Andrew Yang certainly thinks so, as do many economists. Yang’s case for UBI is simple: robots have taken millions of jobs from Americans, and they will take tens of millions more. Estimates suggest that the introduction of autonomous vehicles could eliminate up to 5 million driving jobs virtually overnight. Furthermore, no job is safe. Artificial intelligence is now threatening the employment of highly-educated professions like doctors and lawyers. Yeesh. Journalists keep telling ordinary Americans to “learn to code”—but what happens…
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