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 initiative provided unconditional cash payments to individuals living below the poverty line over a three-year period.
The study involved around 3,000 participants aged 21 to 40 from Texas and Illinois, all of whom earned less than $30,000 annually. One-third of these participants received $1,000 each month, while the remaining group, serving as the control, obtained $50 monthly.
Results indicated that those receiving the larger payments had more freedom to pursue employment opportunities that suited their interests. 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 likely to be searching for a job, but they were more selective.”
In interviews, participants expressed their gratitude for the financial support. One participant mentioned, “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 ability to avoid undesirable job offers. Another recipient shared that the cash transfers allowed them to accept a lower-paid entry-level job in a desired field, ultimately leading to a six-figure salary in just two years. They reflected, “If I didn’t have the cash transfers, there is no way I could have taken that pay cut.”
While the study found no significant difference in employment rates between those receiving larger payments and the control group, it noted that recipients tended to increase spending on essential needs, such as food, housing, and transportation. The cash assistance also helped cover health-related expenses, including braces and treatment for alcoholism. Although the payments initially alleviated stress, many of the health benefits diminished after two years.
Sam Altman has been a vocal advocate for universal basic income as advancements in artificial intelligence reshape the job market and potentially displace certain jobs.
Correction: An earlier version of this report inaccurately attributed the study’s conduct to OpenAI instead of Sam Altman’s nonprofit organization, OpenResearch.