Sam Altman, the CEO of OpenAI, has funded the largest basic income study in the United States to date through his nonprofit organization, OpenResearch. This study involved providing unconditional cash payments to individuals living below the poverty line for a duration of three years.
The research included around 3,000 participants aged between 21 and 40 from Texas and Illinois, all of whom had incomes below $30,000 annually. One-third of these participants received $1,000 each month, while the remaining participants received only $50.
The findings revealed that those receiving the higher payments had increased flexibility in their job search, allowing them to pursue employment that better aligned with their personal goals 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.”
One participant expressed the positive impact of the cash transfers on their decision-making process, stating, “Because of the cash transfer and being able to build up my savings, I’m in a position for once to be picky. I don’t have to take a crappy job just because I need income right now.” Another recipient shared that the financial support allowed them to accept a lower-paying entry-level position in a field of interest, which ultimately led them to a six-figure salary within two years.
The study found no significant difference in employment levels between those who received the larger payments and the control group. However, recipients reported increased spending on basic necessities such as food, housing, and transportation. The payments also contributed to health-related expenses, including braces and alcoholism treatment. Although the financial support initially alleviated stress, many of the health benefits diminished after two years.
Altman advocates for universal basic income, especially as advancements in artificial intelligence impact the job market and displace certain positions.
Additionally, a correction has been issued regarding the organization behind the study, clarifying that it was Sam Altman’s nonprofit OpenResearch that conducted the research, not OpenAI.