Los Angeles is preparing to embark on a guaranteed income program that will give some residents $1,000 a month for three years.
sought to address the then-economic fallout associated with the Covid pandemic. And it also called for giving $1,000 each month to Americans over 18 years old.
Since then, a number of cities around the country have been trying their own versions of this. Like the city of Newark, New Jersey, for example, which recently expanded a basic income program there to 400 residents. Each of the participants is getting a total of $12,000 over two years. The participants are low-income and have to prove a hardship of some kind stemming from the Covid pandemic.
“While the benefits of guaranteed income programs have been documented, this will also be an independent research project that will be used to study the effects of this type of program so that the County and other jurisdictions can learn about the project’s impact on the economic stability of participants, as well as its impact on participants’ overall health and well-being.”
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