Social Inequality

Bill Peduto, the mayor of Pittsburgh, has announced that his city will participate in a "guaranteed income" program. Eligible residents will receive $500 per month. Peduto did not specify how many people will receive the money but stated that they'll look for people where the sum of $500 would improve their lives and that they'll look for people of different backgrounds and demographics in order to conduct an impact study.

The project is financed by Twitter CEO Jack Dorsey who tweeted that "this is one tool to close the wealth and income gap, level systemic race and gender inequalities, and create economic security for families".

The Twitter CEO and billionaire Jack Dorsey has announced that he is working with 14 mayors or American cities to fund trials for a universal basic income in their respective cities. The plan is part of the group "Mayors for a Guaranteed Income" with the goal to "supplement, rather than replace, the existing social safety net" and to use it as "a tool for racial and gender equity".

Dorsey himself will use $3 million from his nonprofit for the program which aims to impact up to 7 million people.