Oakland California Implements Largest Universal Basic Income Experiment Ever For Colored People Only
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The mayor of Oakland, California, on Tuesday announced a privately funded program that will give low-income families of color in the city $500 per month with no rules on how they can spend it.
The program is the latest experiment with a “guaranteed income,” the idea that giving low-income individuals a regular, monthly stipend helps ease the stresses of poverty and results in better health and upward economic mobility.
The idea isn’t new, but it’s having a revival across the U.S. after some mayors launched smaller scale pilot programs across the country in a coordinated campaign to convince Congress to adopt a national guaranteed income program.
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