Sam Altman, the CEO of OpenAI, has financed the largest basic income study in the United States to date through his nonprofit organization, OpenResearch. This research initiative aimed to provide unconditional cash payments to individuals living below the poverty line for a three-year period.
Approximately 3,000 participants aged 21 to 40 from Texas and Illinois, who earned less than $30,000 annually, took part in the study. One-third of these individuals received $1,000 per month, while the remaining participants in the control group received only $50.
The findings revealed that those receiving the larger monthly payments were more empowered to seek employment opportunities that aligned with their personal preferences and aspirations. The study’s authors noted that cash payments enhance individuals’ ability to make employment choices that reflect their unique goals and values. Recipients were more likely to actively search for jobs but were also more selective in their choices.
One participant shared, “Due to the cash transfer and being able to build up my savings, I’m now in a position to be picky. I don’t have to take a mediocre job just out of immediate necessity; I can afford to wait for a better fit.” Another recipient mentioned that they were able to accept a lower-paying entry-level role in their desired field, ultimately leading to a six-figure salary within two years. They attributed this achievement to the cash transfers, stating, “Without those payments, there’s no way I could have taken that pay cut.”
The study did not show significant differences in employment levels between the recipients of the larger payments and the control group. Instead, the recipients primarily allocated their increased funds to meet basic needs, including food, housing, and transportation. The financial support also enabled them to address health issues, such as orthodontic care and addiction treatment. Although the payments initially alleviated stress, many of the associated health benefits diminished after two years.
Sam Altman is a strong advocate for universal basic income, especially as advancements in artificial intelligence continue to reshape the workforce and result in job displacement.