Get the latest tech news

Sam Altman's basic-income study is out. Here's what it found


Sam Altman's basic-income study lasted three years and included 3,000 people, making it one of the most comprehensive basic-income experiments yet.

"Recipients had greater agency to make decisions that worked best for their lives and to prepare for the future, from moving neighborhoods to expressing interest in new business ventures," the report's authors said. Other significant figures in the tech industry have since voiced supportfor some kind of basic income, including the Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk. Data from dozens of these smaller programs have found that cash payments can help alleviate homelessness, unemployment, and food insecurity — though results still stress the need for local and state governments to invest in social services and housing infrastructure.

Get the Android app

Or read this on Hacker News

Read more on:

Photo of Sam Altman

Sam Altman

Photo of income study

income study

Related news:

News photo

Sam Altman Gave People Free Money. Here's What Happened

News photo

Sam Altman sues builder over $27M flooded, sewage-hit 'lemon' of a mega-mansion

News photo

How a B2B payments startup won Max, Jack and Sam Altman, JP Morgan as investors