Stockton’s basic-income experiment pays off
Annie Lowrey writes: Two years ago, the city of Stockton, California, did something remarkable: It brought back welfare. Using donated funds, the industrial city on the edge of the Bay Area tech economy launched a small demonstration program, sending payments of $500 a month to 125 randomly selected individuals living in neighborhoods with average incomes lower than the city median of $46,000 a year. The recipients were allowed to spend the money however they saw fit, and they were not…