San Francisco gets its own basic income test

Speaking of Finland, San Francisco announced last week plans to pilot its own $5 million program to compare how kids develop in families that receive direct cash transfers with those that receive traditional social services (or none at all).

Finland announced a plan to test such “universal basic income” last year. Cash transfers as a poverty alleviation tool have shown long-term, positive impacts, including on children, with little evidence of wasteful spending or fewer hours worked.

Silicon Valley has gotten interested in universal basic income to mitigate job losses (and bad publicity) as artificial intelligence, robotics and others tech advances accelerate.

Photo: BASIC INCOME SWITZERLAND/FACEBOOK

 

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