Start-up accelerator Y Combinator plans to roll out its initial cash handout trial to thousands of people across two U.S. states.
Its President Sam Altman has been one of many top Silicon Valley bosses to get behind the idea of basic income – the idea that all citizens should be paid a regular sum of money regardless of their employment status.
The incubator has already piloted a study of the effects of introducing a basic income. It gave cash handouts to residents of Oakland, California, to test how money would affect individuals’ behavior.
Y Combinator’s Basic Income Project will select 3,000 individuals from two U.S. states at random to compare how one group of people who receive a basic income will behave as opposed to another sample who do not.
Out of those 3,000, 1,000 will receive $1,000 per month for up to five years, while 2,000 will receive $50 a month for comparison.
Video by Buzz60/Jose Sepulveda[/vc_message]
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
