Sam Altman, CEO of OpenAI, has financed the largest basic income study in the United States to date through his nonprofit organization, OpenResearch. The initiative aimed to provide unconditional cash payments to individuals living below the poverty line for a duration of three years.
The study involved approximately 3,000 participants aged 21 to 40 from Texas and Illinois, all of whom earned less than $30,000 annually. Participants were divided into two groups, with one-third receiving monthly payments of $1,000, while the remaining participants made up the control group and received only $50.
Findings from the research indicated that those who received the larger cash payments had greater flexibility in their job search, allowing them to pursue employment that better aligned with their personal preferences and values. The authors of the study noted, “Cash can increase people’s agency to make employment decisions that align with their individual circumstances, goals, and values,” adding that recipients showed a higher inclination to look for jobs while also being more selective.
One participant shared their experience, stating, “Because of the cash transfer and being able to build up my savings, I’m in a position for once to be picky,” highlighting how the support allowed them to avoid taking unsuitable jobs. Another recipient mentioned that the financial assistance enabled them to accept a lower-paying entry-level position in their desired field, eventually leading to a six-figure salary within two years, a move they could not have made without the cash transfers.
Despite these positive outcomes, the study revealed no significant differences in employment rates between the recipients of the larger payments and the control group. Recipients primarily used the funds to cover essential expenses such as food, housing, and transportation, as well as health-related costs. While the financial aid initially reduced stress levels, many of the associated health benefits diminished after two years.
Sam Altman has been an advocate for universal basic income, especially considering the impact of artificial intelligence on the labor market and its potential to displace jobs.