”Hughes proposes giving everyone earning less than $50,000 a year an extra $500 a month, provided they are working in some way. That includes not only people with jobs in the classic sense, but also freelancers and contractors on less stable incomes. It also includes people bringing up kids or looking after “dependents,” who are often excluded from poverty-reduction discussions, but who arguably do as much work as anyone. A family of four on $38,000 a year would, therefore, see their income bumped up to $50,000. About 90 million Americans in total would benefit.
“‘The guaranteed income would create a floor below which people could not fall, a reliable foundation for people to build on,’ Hughes writes. ‘It wouldn’t be enough money on its own for anyone to live on. It would be supplement income from other sources like formal labor, a job in the gig economy, informal work, or other government benefits.’”