Universal Basic Income, or UBI, has become more commonplace in discussions around alleviating poverty. New York City mayoral contender and former presidential candidate Andrew Yang has consistently made it a part of his political platform. In Stockton, California, a UBI experiment giving $500 a month to randomly selected residents for two years helped improve overall job prospects, financial stability and well-being. However, the idea has been in American history for a long time. Juliana Bidadanure, the faculty director of Stanford’s Basic Income Lab, explains how UBI works and how it compares to traditional welfare programs.
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