Chicago considers universal basic income

CNBC

The city of Chicago is considering implementing monthly payments to struggling families to cover costs of food, housing or transportation.

Mayor Rahm Emanuel is considering these monthly payments as universal income for the people of Chicago. Ameya Pawar, an alderman for the city's North Side, introduced a resolution in June, which called on the mayor to launch a program that would pay $500 every month to 1,000 families, the Chicago Tribune reported.

Families would receive the money without any conditions.

Emanuel, who is not seeking a third term, will form a task force that will consider these monthly payments, which will include Pawar. The team will begin meeting shortly and issue a report in a few months. According to the Tribune, Pawar believes that paying people monthly will help combat the large loss of jobs the city has suffered due to automation and offshoring industries.

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