Sam Altman, the CEO of OpenAI, has initiated the most significant basic income study in the United States to date through his nonprofit organization, OpenResearch. This groundbreaking project focused on providing unconditional cash payments to individuals living below the poverty line for a span of three years.
The study involved 3,000 participants aged between 21 and 40 from Texas and Illinois, all of whom were earning less than $30,000 annually. The format of the study saw one-third of the participants receiving $1,000 per month, while the remainder, part of the control group, received just $50.
Preliminary findings from the research indicate that the recipients of the larger checks experienced greater flexibility in pursuing employment opportunities that better aligned with their aspirations and values. The authors asserted that cash payments can enhance individuals’ independence in making employment choices tailored to their unique circumstances. As a result, recipients demonstrated a higher likelihood of searching for jobs while being more selective in their choices.
One participant shared their gratitude, stating that the cash transfer allowed them to build savings and be more discerning about job opportunities. They expressed relief at not having to settle for undesirable jobs due to immediate financial pressures. Another recipient highlighted how having access to the cash transfers enabled them to take a lower-paying position in a desired field, which ultimately led them to achieve a six-figure salary within two years.
Interestingly, the study did not identify significant differences in overall employment levels between recipients and the control group. The cash payments primarily assisted recipients in meeting their basic needs, with food, housing, and transportation being the top expenditures. Furthermore, the payments provided essential support for healthcare needs, showing initial reductions in stress, although many of these health benefits dissipated after two years.
Sam Altman has long advocated for universal basic income as the rise of artificial intelligence reshapes the workforce and displaces certain jobs.
This study serves as a vital step in understanding how basic income could serve as a microeconomic support system, particularly as the job market evolves due to technological advancements. It reflects a hopeful future where financial safety nets enable individuals to pursue fulfilling employment opportunities rather than being trapped in unsuitable positions due to economic necessity.
In summary, the findings of the study may encourage policymakers to further explore the potential of universal basic income as a tool for enhancing job flexibility and improving overall quality of life, particularly for those facing economic hardship.