Here’s What Happens When You Give People Free Money
WiredJUL 21 2024
The results of a three-year study on universal basic income, carried out in Illinois and Texas by OpenResearch — a group backed by OpenAI founder Sam Altman — are out.
The study involved around 3K people aged 21-40, earning less than $30K annually. For three years, 1K participants received $1K a month, while a control group of 2K received $50 a month.
The study's results reportedly provide insights into the sustainability of a universal basic income model in a possible future driven by artificial intelligence (AI).