Stockton's Basic-Income Experiment Pays Off
Stockton’s Basic-Income Experiment Pays Off A new study of the city’s program that sent cash to struggling individuals finds dramatic changes. March 3, 2021 Two years ago, the city of Stockton, California, did something remarkable: It brought back welfare. Using donated funds, the industrial city on the edge of the Bay Area tech economy launched a small demonstration program, sending payments of $500 a month to 125 randomly selected individuals living in neighborhoods with average incomes lower than the city median of $46,000 a year. The recipients were allowed to spend the money however ...
Source: theatlantic.com