Mark Zuckerberg called for the US to explore the idea of universal basic income in a speech to the graduating class of Harvard University on Thursday.
Zuckerberg, the founder of Facebook dropped out of Harvard to focus on the company that would ultimately make him worth around $63 billion.
“We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful,” Zuckerberg said in the speech, according to Business Insider. “We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”
Zuckerberg is in the middle of a 50 state tour of the United States and is considered by some to be a potential 2020 presidential candidate.
According to Mic, universal basic income is “an allocated payment that’s provided to individual adults instead of households, regardless of other sources of income and with no requirement for work.”
While its a controversial idea, some economic heavy hitters have come out in support of the program including Elon Musk.
Cover Photo Credit: Alessio Jacona/ Flickr (CC By 2.0)