LB Mayor Garcia: "I’m ready to launch a UBI pilot in Long Beach"
Long Beach Mayor Robert Garcia said on Twitter that he is interested in creating a universal basic income pilot program for Long Beach, a direct payment monetary program championed by former presidential candidate Andrew Yang.
Why it matters:
In Mayor Garcia's retweet, he asked Stockton Mayor Micheal Tubbs what's next in launching a universal basic income program. Mayor Tubbs became nationally known when he created a UBI program for Stockton, which gave a $500 stipend to 125 residents for 18-months.
Mayors in Los Angeles, Atlanta, and nine other U.S. cities said Monday they will launch universal basic income pilot programs, per Forbes.
Before the Coronavirus pandemic, the primary job disruptions were coming from Silicon Valley, with advancements in automation and artificial intelligence. Still, as the COVID-19 crisis continues, leaving 40 million Americans unemployed, some economists say 16 million jobs will be gone forever.