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'Universal Basic Income' Isn't a Silver Bullet, Says Lead Researcher on Sam Altman's Study
Business Insider reports: The lead researcher for Sam Altman's basic-income study says guaranteed no-strings payments are not a silver bullet for issues facing lower-income Americans. Elizabeth Rhodes, the research director for the Basic Income Project at Open Research, told Business Insider that ...
Business Insider reports: The lead researcher for Sam Altman's basic-income study says guaranteed no-strings payments are not a silver bullet for issues facing lower-income Americans. Elizabeth Rhodes, the research director for the Basic Income Project at Open Research, told Business Insider that while basic-income payments are "beneficial in many ways," the programs also have "clear limitations...." Rhodes headed up one of the largest studies in the space, which focused specifically on those on low incomes rather than making universal payments to adults across all economic demographics. The initial findings, released in July, found that recipients put the bulk of their extra spending toward basic needs such as rent, transportation, and food.
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