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For three years, researchers gave people in Illinois and Texas $1,000 every month as part of an experiment to see if giving everyone a basic income would work. The money came from Sam Altman, the CEO of OpenAI, who thinks that one day artificial intelligence (A.I.) will replace many jobs.
The study found that people who got the extra money spent it on things they really needed and used some of it to help others. They also worked a little less, but were more likely to be looking for a new job. Many participants said they would only take a job if it was interesting or meaningful, which is something new.
The researchers also found that people who got the extra money were more likely to go back to school or learn new skills. Some even moved to a new place because they had the money to do so. People spent more on healthcare, too – about $20 per month more.
Overall, people who got the extra money spent about $310 more every month. Most of that went towards food, rent, transportation, and helping others.
Sam Altman thinks this study is important for understanding how A.I. will change our lives. He has also proposed a new idea called “universal basic compute,” where everyone gets a share of big language models instead of money.
Not all tech leaders agree with Altman’s ideas, though. Some think that giving everyone a basic income could be bad and that there are better ways to make sure people aren’t left behind as A.I. changes the world.
The researchers will release more findings from this study in the coming months and years. They’ll look at things like politics, relationships, household composition, well-being, material hardship, crime, and children’s education.+
+Source: https://observer.com/2024/07/sam-altman-vision-universal-basic-income-taking-shape/