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Hettie O’Brien

From The Blog
29 January 2018

Y Combinator, a San Francisco-based ‘seed accelerator’ for start-up companies, is working on a pilot for unconditional basic income. The project’s research director toldQuartz magazine it will explore ‘alternatives to the existing social safety net’ in a world in which robots take our jobs. They say subsistence grants dished out by corporate solutionists offer the answer. The Finnish government is halfway through a two-year trial, giving 2000 unemployed people €560 a month, with no obligation for them to look for work (or turn it down). Supporters of unconditional basic income include Mark Zuckerberg,Stephen Hawking, Elon Musk and Bernie Sanders.

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