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Mar 11

Universal Basic Income Experiment Launches in Stockton

Posted on March 11, 2019 at 2:32 PM by Summer Anderson

The Stockton Economic Empowerment Demonstration (SEED), Stockton’s Universal Basic Income (UBI) experiment, sent out its first payment of $500 to 130 Stockton residents this past February. UBI is an economic policy model that provides all citizens of a geographic area or country with a guaranteed sum of money for a designated amount of time, regardless of their income, resources, or employment status. SEED is Stockton’s experimental implementation of the UBI concept and is one of the first pilot programs in the United States.[1]

For 18 months, 130 randomly selected Stockton residents residing in a neighborhood where the median household income is equal to or less than $46,033 will receive $500 a month. The spending behavior of the participants will be tracked to evaluate the success of the demonstration in providing people with the freedom to make the most efficient and effective decisions.[2]

For the economic context motivating the demonstration, check out the graphics below [3]
UBI Image 1 context

Here are the other countries that have implemented or are planning to experiment with different versions of UBI policy. [4]
UBI Blog image 2 Countries where UBI is practiced

For more information on SEED and the methodology behind the study, please visit stocktondemonstration.org.

Sources:


[1] Yoon-Hendricks, Alexandria. “Will ‘basic income’ become the California norm? Stockton starts $500 no-strings payments.” Sacramento Bee, Feb. 15, 2019. https://www.sacbee.com/news/local/article226280230.html

[3] Multiple Government Sources (listed below)
Poverty: U.S. Census, https://www.census.gov/quickfacts/fact/table/ca,stocktoncitycalifornia/INC110217
Unemployment: Bureau of Labor Statistics, https://www.bls.gov/eag/eag.ca_stockton_msa.htm#eag_ca_stockton_msa.f.2
Median Household Income: U.S. Census,  https://www.census.gov/quickfacts/fact/table/ca,stocktoncitycalifornia/INC110217
Education: CA State Auditor https://www.auditor.ca.gov/pdfs/reports/2016-114.pdf
Median Wage: Bureau of Labor Statistics, https://www.bls.gov/oes/2017/may/oes_ca.htm