Startup Incubator Experiments With A Basic Income In Oakland
A research project examines how a random selection of participants use a basic income wage
Y Combinator is a San Francisco based start-up incubator that is about to fund something different: a basic income program which gives people enough money to live on (no strings attached) in Oakland, California. Participants will receive $1,000 to $2,000 a month with no limitations on how they can spend the money. The pilot program will run for six months to a year, and depending on its results, a long-term study might follow.
Participants will include both the employed and unemployed from a variety of economic backgrounds. According to the Basic Income Research team, “Oakland is a city of great social and economic diversity, and it has both concentrated wealth and considerable inequality. We think these traits make it a very good place to explore how basic income could work for our pilot.”