Yolanda, an unemployed 40-year-old single mother of two, says it felt good to buy her daughter a birthday gift last week.
The special purchase, one that she would not have been able to afford under normal circumstances, was made possible by the Stockton Economic Empowerment Demonstration (SEED).
Yolanda, whose name we changed to protect her privacy, is one of 130 Stockton, Calif., residents who has been receiving $500 monthly since February as part of the guaranteed basic income program being piloted by the city and The Economic Security Project.Read more
For years, the citizens of Stockton, California, have faced rampant unemployment, poverty, and hardship. For some, a new experiment could change that.
In the coming months, mayor Michael Tubbs plans to launch a universal basic income trial that will — without any conditions or work requirements — give monthly payments to about 100 families over the next two years, according to the New York Times.
With regular, no-strings-attached payments from the government, people might be able to go back to school or climb out of their student loan debt. The extra cash could turn into more time spent with family or the ability to make healthier meals — the idea is to let people improve their quality of life as much as possible.Read more
Michael Tubbs, the 27-year-old mayor of Stockton, California, has a radical plan to combat poverty in his cash-strapped city: a “no strings” guaranteed basic income of $500 a month for its residents.
Starting in early 2019, Tubbs plans to provide the monthly stipend to a select group of residents as part of a privately funded 18-month experiment to assess how people use the money.Read more