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This city starts to give 500 Dollars a month to its residents and visitors

This city gives 500 Dollars a month to its residents

 

Stockton, California, will become the first US city to give its residents a monthly salary of $ 500.

This city starts to give 500 Dollars a month to its residents and visitors
This city starts to give 500 Dollars a month to its residents and visitors

The move comes after Stockton, the former bankrupt city, agreed to take part in a test called UBI.
Under the test, 100 residents of Stockton, only 80 miles from Silicon Valley, one of the richest areas in the United States, will be given $ 500 for 18 months in an effort to reduce poverty and prevent job disruption caused by the adoption of automated systems instead of humans.

 

The test was supported and supported by some Silicon Valley leaders such as Facebook founder Mark Zuckerberg, CEO of SpaceX and CEO of Tesla Motors, Elon Musk, and Chairman of the Virgin Richard Branson Group of Companies.

Stockton, with an estimated population of more than 300,000 people, was considered a breeding ground for the global basic income test, with one in four of its inhabitants living in poverty.

This city starts to give 500 Dollars a month to its residents and visitors
This city starts to give 500 Dollars a month to its residents and visitors

Stockton’s experience, which is scheduled to kick off next year, is not the first in the world, it has already been implemented in Finland, Italy, Uganda, Cambodia and India.

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