TOPLINEMayors in Los Angeles, Atlanta and nine other U.S. cities said Monday they will work to launch universal basic income pilot programs, a growing sign that political leaders are beginning to take the idea of guaranteed income seriously in the wake of the pandemic. Mayors for a Guaranteed Income was founded by Stockton, California, Mayor Michael Tubbs. “If it’s not COVID-19 this year, it’ll be an earthquake next year, a hurricane the year after or fire. More recently, researchers in the U.S., Finland, Kenya, Canada and the Netherlands have begun conducting their own small scale UBI pilot programs. “I think the pandemic exposed just how fragile the economic underpinnings of our society are,” Tubbs said.

Source: Forbes June 29, 2020 12:59 UTC