Sam Altman, the CEO of OpenAI, has funded the largest basic income study in the United States to date through his nonprofit, OpenResearch. The study aimed to provide unconditional cash payments to individuals living below the poverty line over a three-year period.
The research involved approximately 3,000 participants aged 21 to 40 from Texas and Illinois, all of whom had annual incomes under $30,000. One-third of the group received monthly payments of $1,000, while the rest, serving as the control group, received $50.
Findings from the study indicated that recipients of the higher payments had greater flexibility in their job search, finding opportunities that better matched their preferences and values. The authors noted that cash assistance allowed individuals to approach employment decisions with more agency, making them more selective in their job searches.
One participant shared, “Because of the cash transfer and being able to build up my savings, I’m in a position for once to be picky,” adding that they could avoid unfulfilling jobs due to immediate financial necessity. Another recipient mentioned that the financial support enabled them to accept a lower-paying entry-level position in their desired field, eventually leading to a six-figure salary within two years, which would not have been possible without the cash transfers.
While the study noted no significant difference in overall employment levels between those receiving larger payments and the control group, the recipients tended to increase their spending on essential needs such as food, housing, and transportation. The payments also helped cover health-related expenses like braces and alcoholism treatment. Initial stress reductions associated with the payments diminished over time, with many health benefits fading after two years.
Sam Altman advocates for universal basic income, particularly as advancements in artificial intelligence continue to reshape the job market and displace certain positions.