Ebay founder backs tests to give people free money

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Ebay founder backs tests to give people free money

Ebay founder backs tests to give people free money

The idea of a universal basic income has found growing support in Silicon Valley as robots threaten to radically change the nature of work.

Ebay founder Pierre Omidyar is the latest tech bigwig to get behind the concept. His philanthropic investment firm, the Omidyar Network, an**unced Wednesday that it will give nearly half a billion dollars to a group testing the policy in Kenya.

SEE ALSO: Could 2017 be the year people take universal basic income seriously?


Universal basic income is the **tion that a government should guarantee every citizen a yearly sum of money, ** strings attached. The thinking is that such a program would relieve eco**mic stress as automation tech**logy severely reduces the demand for labor. Read more...

More about Business, Pierre Omidyar, and Universal Basic Income

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