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Vol. I · No. 22 Texas Edition
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Does a Universal Basic Income Bring Long-Term Changes?

By EditorDavid 2 min read 2 views 0 comments
Does a Universal Basic Income Bring Long-Term Changes?
Image: Slashdot

For more than a year, The New York Times followed recipients of a universal basic income program who received $1,330 a month for an entire year.

There were benefits, but also the everyday challenges of being poor, and turning their life around "did not turn out to be quite that simple."

Across Silicon Valley, experimental guaranteed income programs have quietly taken off. Google began funding six different initiatives in 2022 as part of a $50 million donation to nonprofits in the San Francisco Bay Area, saying basic income could be a novel way to prevent homelessness in one of the nation's most expensive locations. Each program has hundreds of participants who receive around $1,000 a month, and academics study the results. State and federal tax laws limit the lengths of the programs and the payment amounts.

Slashdot Original story · yro.slashdot.org
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