Mark Zuckerberg supports universal basic income. What is it?

mark

Facebook founder and CEO Mark Zuckerberg supports an idea called universal basic income. “We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas,” Zuckerberg said at his Harvard commencement address Thursday.

 So, what exactly is it? It’s a concept that’s getting a lot of attention, especially in Silicon Valley. A country that has universal basic income guarantees every person a set minimum income regardless of criteria — age, wealth, job status, hometown, family size, etc.That means everyone gets a paycheck, whether they have a job or not.

However, the countries actually experimenting with the concept, Canada and Finland, aren’t embracing the universal nature of it. So far, they’re only giving guaranteed income to residents who were were either recently on unemployment benefits or are low income…

Read more : CNN Money, 26.05.2017