What happens when you give a bunch of people free money? Y Combinator is determined to find out. 2,000 every month to spend on whatever they please. The program, to be carried out in dating sites search for free Oakland, is meant to test a scheme called Universal Basic Income, or UBI.
While it’s far from mainstream acceptance, UBI is viewed by some as a means to provide workers with economic stability as an increasing amount of the world’s labor is automated. Matthew Krisiloff, who is managing Y Combinator’s UBI study. There’s political consensus around it, and there’s relative simplicity in the sense that it’s just direct cash and you can spend it however you want. Here’s what you should know about UBI.
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