Sepp Hasslberger: Silicon Valley Testing Basic Income

Economics/True Cost, Money
Sepp Hasslberger
Sepp Hasslberger

Basic Income is getting more and more serious consideration. Can’t have a society where work is the passport to life and then there is no work to be found…

Why a bunch of Silicon Valley investors are suddenly interested in universal basic income

Basic income is having a moment. First Finland announced it would launch an ambitious experiment to see if it would work to give everyone in a given area is given a set amount of cash every year from the government, no strings attached. Now the Silicon Valley seed investment firm Y Combinator has announced it wants to fund a basic income experiment in the US.1