Sam Altman, CEO of OpenAI, funded the largest basic income study in the U.S. through his nonprofit, OpenResearch. The study provided unconditional cash payments to people living below the poverty line for three years.
The study involved 3,000 people between the ages of 21 and 40 from Texas and Illinois, all earning less than $30,000 per year. One-third received $1,000 per month, while the rest were given $50 monthly.
Researchers found that recipients of the $1,000 monthly payments had more flexibility in job searching. The study noted that the cash increased people’s ability to make employment decisions that aligned with their personal goals and values. One participant stated that the financial support allowed them to be selective in their job search, while another said it enabled them to take a lower-paying job in their desired field, which eventually led to a higher salary.
The study reported no significant difference in employment levels between recipients and the control group. Recipients primarily used the money for basic needs such as food, housing, and transportation, and it also helped cover health-related expenses. Initial stress reduction and health benefits faded after two years.
Altman is a supporter of universal basic income, seeing it as a solution to job displacement due to AI advancements.
Correction: An earlier version of this story incorrectly stated that OpenAI conducted the study. It was actually conducted by OpenResearch.