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(NEWARK, N.J.) The most populous city in New Jersey has launched a pilot program to give guaranteed income to some residents, as the pandemic has exacerbated the racial wealth gap and exposed the economic vulnerabilities millions of Americans face.
Experts say success in Newark, New Jersey, a neighbor of New York City, could set a precedent for other communities around the country to follow suit as the nation seeks to equitably recover from the economic devastation wrought by COVID-19.
“We must emerge from the COVID-19 pandemic with new purpose, new vision and new ideas to transform our community and truly improve the quality of life of our residents,” Newark Mayor Ras Baraka, a Democrat, said in a statement earlier this week. “Here, we have an opportunity to directly empower and strengthen hundreds of lives immediately, while also demonstrating how to do so to the entire nation.”
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The pilot program aims to aid the city s vulnerable and housing insecure.
• 7 min read
Catch up on the developing stories making headlines.Bloomberg via Getty Images, FILE
The most populous city in New Jersey has launched a pilot program to give guaranteed income to some residents, as the pandemic has exacerbated the racial wealth gap and exposed the economic vulnerabilities millions of Americans face.
Experts say success in Newark, New Jersey, a neighbor of New York City, could set a precedent for other communities around the country to follow suit as the nation seeks to equitably recover from the economic devastation wrought by COVID-19.
Los Angeles Takes an Oprah Approach to Guaranteed Incomes
Apr 30 2021, 11:07 PM
April 30 2021, 6:13 PM
April 30 2021, 11:07 PM
(Bloomberg Opinion) Los Angeles understands publicity and trendiness. Its leading industries depend on grabbing attention and conjuring desire. Its culture celebrates storytelling.
(Bloomberg Opinion) Los Angeles understands publicity and trendiness. Its leading industries depend on grabbing attention and conjuring desire. Its culture celebrates storytelling.
So itâs fitting that in his recent
State of the City address, Los Angeles Mayor Eric Garcetti announced plans to give 2,000 local households $1,000 a month for a year. He boasted of his role as a founding member of
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