You may have seen countries including Finland and Canada beginning to introduce universal basic income programs recently — and now it seems the U.S. may follow suit.
The idea is to essentially improve the economic security of a community's lowest-earning residents — whether a result of little job opportunities, low wages, or high housing prices.
All of the above are issues faced by Stockton, California, which is the next city to introduce the plan. Yep, as part of an experimental program (the Stockton Economic Empowerment Demonstration, or 'SEED') a few hundred of the city's low-income residents will receive $500 a month.
And if SEED produces great results, this could be a program that expands across the country. Stay tuned.