A California city gave some residents $500 per month.
A California city gave some residents $500 per month. After a year, the group wound up with more full-time jobs and less depression.
Aria Bendix at Business Insider
https://www.businessinsider.com/stockton-basic-income-experiment-success-employment-wellbeing-2021-3?utm_source=reddit.com
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Lorrine Paradela, a 45-year-old single mother, participated in a basic-income pilot in Stockton, California. Nick Otto/AFP/Getty Images
In Stockton, California, 125 residents got $500 per month, no strings attached, for two years.After a year, full-time employment among them had increased, and depression and anxiety had decreased.The experiment ended in January but has inspired other mayors to launch more basic-income pilots.Visit the Business section of Insider for more stories.
Michael Tubbs didn't see much risk in giving money to his city's poorest residents, no strings attached. The former mayor of Stockton, a city in California's Central Valley, is a strong proponent of universal basic income, a policy that essentially pays people for being alive as a way to alleviate poverty.
"My belief in it came from being raised by three amazing women, including my single mom," Tubbs told Insider. "The issue wasn't that they couldn't manage money. The issue was they never had enough money to manage."
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