A new guaranteed income program is preparing to hand millions of dollars to a select group of families in Colorado. Boulder County says it’s launching a direct cash assistance program known as Nurturing Futures to help families with young children. The guaranteed income program, which will be managed by the Boulder County Department of Human […]
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A guaranteed income program on the West Coast is preparing to hand out millions of dollars to support at-risk youth. Los Angeles County’s guaranteed income program Breathe is expanding, set to hand out around $18 million with no strings attached to people transitioning out of the foster care system. The program is gearing up to […]
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The Superintendence of Data Protection, Ecuador’s data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country’s laws. The head of the institution, Fabrizio Peralta-Diaz, lamented this situation, stressing that it needed access to the necessary tools to examine […]
A new universal basic income (UBI) experiment funded by tech billionaire Sam Altman has found people who receive free money generally tend to work less. In a study titled “The Employment Effects of Guaranteed Income: Experimental Evidence From Two U.S. States,” researchers gave 1,000 low-income individuals $1,000 per month unconditionally for three years. Participants mostly […]
The post Sam Altman-Funded Universal Basic Income Experiment Finds Recipients of Free Money Opt Out of Work – Here’s Why appeared first on The Daily Hodl.
A multi-year study sponsored by Openai’s Sam Altman examined the effects of a UBI stipend on the spending patterns of the beneficiaries, finding that most of the money was spent on basic needs. The study, which gave $45 million to thousands of Americans, also determined that the stipend increased the ability and willingness of recipients […]
A US state will hand a staggering $3.15 billion to residents per year if a historic guaranteed income program becomes law. A measure that would increase corporate taxes to hand cash directly to residents in Oregon is likely to make the November ballot, reports The Oregonian. The program would give every adult resident in the […]
The post $3,150,000,000 To Be Handed To Residents in US State Every Year – With Zero Strings Attached – If Historic Ballot Measure Passes: Report appeared first on The Daily Hodl.
A city on the West Coast is preparing to roll out a new guaranteed income pilot program. The Pomona Household Universal Grants (HUG) Pilot Program is a one-and-a-half-year project giving $2.376 million to selected parents near Los Angeles. The program will pick a total of 600 applicants that will be separated into two cohorts. For […]
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A nonprofit is preparing to hand out millions of dollars over the next two years in a new guaranteed basic income program. New York City-based homeless shelter operator Win has launched a program that aims to assist homeless families with young children, handing out monthly cash payments for two years to help them get out […]
The post $3,400,000 Will Be Sent To Struggling Families As ‘No Strings Attached’ Income Program Launches on East Coast: Report appeared first on The Daily Hodl.
Sam Altman, CEO of Openai, the company behind the artificial intelligence (AI) model Chatgpt, has reflected on how the new wave of universal basic income (UBI) initiatives might be organized. In an interview at the All-in podcast, Altman stated that he favored UBI initiatives given the magnitude of the changes implementing AI might bring to […]
A major US city is preparing to relaunch a multimillion-dollar basic income program that will hand cash directly to residents. Mayor Brandon Johnson says he is allocating $32 million to reboot the Chicago Resilient Communities pilot, reports CBS News. The revived program seeks to hand out $500 per month for a period of one year […]
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