After bankruptcy, a California city aims for basic income
Next year, if the mayor’s plans work out, some of the 300,000 residents of Stockton, Calif., will get $500 per month with no strings attached.
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CEPR: The fading American Dream: Trends in absolute income mobility since 1940
Rates of absolute mobility – the fraction of children who earn more than their parents – have fallen from approximately 90% for children born in 1940 to 50% for children born in the 1980s.
The Independent: Cartier boss with $7.5bn fortune says prospect of the poor rising up ‘keeps him awake at night’
The multi-billionaire owner of luxury jewelry company Cartier has revealed his greatest fear – robots replacing workers and the poor rising up to bring down the rich.
