fionag11

2024-08-30 22:35:19

Basic Income study: What was the effect of giving 1000 poor people in Texas and Illinois an extra $1000/month?

I'm not usually a fan of Sam Altman, but this is something cool he funded.

This study gave 1,000 people in Texas and Illinois $1,000/month over 3 years and collected large amounts of data on employment, health, housing, schooling, time use, entrepreneurship, and more.

The results are remarkable, a very strong argument for universal basic income.

https://ubiworks.notion.site/Sam-Altman-s-Basic-Income-Study-What-The-Facts-Actually-Tell-Us-1d1e3fc3224f4c16b3da0dba83769eb8

Sam Altman’s Basic Income Study — What The Facts Actually Tell Us

Basic income ended poverty, with minimal impact on work beyond single parents. People took risks to find better jobs, retrain, and escape abuse.