Silicon Valley investor group handing out cash
Y Combinator experiments with UBI
Silicon Valley's Y Combinator to begin cash handout trials to thousands of Americans. The social experiment is designed to gather information on how a basic income affects people, their communities, and society in general.
Two states and 3,000 people will be selected, consisting of two groups. One group will receive a $1,000 monthly payment. And the other $50 a week. The groups will be compared to each other to see how each behaves with the different amounts of free money. Article
Musk and Zuckerberg advocate for UBI
Tech leaders Elon Musk and Mark Zuckerberg have advocated for a universal basic income for quite some time for Americans. The massive transformation coming from automation and artificial intelligence have been the impetus for the discussion.
Both have slightly different perspectives on UBI's positives. Zuckerberg sees it as a way to eliminate poverty by offering individuals the financial support they need to grow and develop with less worry; much like Zuckerberg experienced during his own upper-class upbringing.
He also sees it as a lifestyle tool that average people can utilize to educate themselves and pursue their passions with it potentially leading to entrepreneurial success.
Musk, on the other hand, takes a less idealistic view. He see's UBI as simply something that we need to enact in response to a future dominated by automation and AI. For Musk, it will be a necessity as jobs are lost to automation and new opportunities fail to materialize.
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