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August 27, 2018 10:13 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/cEvsghLI4k8/y-combinator-plans-to-start-doling-out-60-million-next-year-to-study-universal-basic-incom
Y Combinator Plans To Start Doling Out $60 Million Next Year to Study Universal Basic Income
The research arm of Y Combinator plans to begin a study on universal basic income next year in which it will give unconditional cash payments to 3,000 participants. From a report: The test is partially intended to see if receiving routine payments will quell anxieties around losing jobs to automation. As Wired reports, the study will be called "Making Ends Meet." Under the plan, a thousand people would get $1,000 per month and the other 2,000 would get $50 per month to serve as a control group. Some of the participants would receive monthly payments for three years and some would get paid every month for five years. Sam Altman, CEO of Y Combinator, a highly successful startup accelerator that helped give rise to companies like Dropbox, Airbnb, and Reddit, announced the company's plans to research universal basic income -- or as he put it, "giving people enough money to live on with no strings attached" -- in a January 2016 blog post. Altman explained his belief that universal basic income will eventually be implemented across the nation as more jobs are automated and "massive new wealth gets created."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/cEvsghLI4k8/y-combinator-plans-to-start-doling-out-60-million-next-year-to-study-universal-basic-incom
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