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 initiative aims to provide unconditional cash payments to individuals living below the poverty line, with the program set to last for three years.
The study involved approximately 3,000 participants aged between 21 and 40 from Texas and Illinois, all of whom were earning less than $30,000 annually. Participants were divided into two groups: one-third received $1,000 per month, while the remainder, serving as the control group, received $50.
The findings of the study revealed that those receiving the larger payments had greater freedom in their employment choices. 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.” Recipients were more active in searching for jobs but were also more selective, allowing them to pursue positions that better matched their aspirations rather than necessities.
One participant expressed gratitude for the cash transfers, stating, “Because of the [cash transfer] and being able to build up my savings, I’m in a position for once to be picky,” emphasizing the importance of patience in finding the right job fit. Another participant shared their experience of taking a lower-paying role in a field they desired, which eventually led them to a six-figure salary within two years, attributing their ability to take that step directly to the cash transfers.
While the study indicated that there were no significant differences in employment levels between recipients and the control group, it was noted that the participants used the cash primarily for essential needs, including food, housing, and transportation. Additionally, the payments enabled them to address health issues such as dental care and addiction treatment. However, it was observed that the stress-reducing benefits of the payments diminished after two years.
Sam Altman has advocated for universal basic income as artificial intelligence continues to transform the job landscape and potentially displace some workers.
This study represents a significant step towards understanding the impact of basic income on individual agency and employment choices. As the ongoing discussions surrounding economic stability and the future of work continue, findings like these may pave the way for new policy considerations that prioritize financial support for those in need, particularly in an AI-driven economy.
Overall, the initiative embodies a hopeful outlook toward alleviating poverty and enhancing job satisfaction, providing individuals the opportunity to pursue fulfilling career paths rather than merely seeking employment out of desperation.