Many tech entrepreneurs have long suggested that guaranteed income could cushion job losses from AI and automation. The latest and largest study of the idea was spearheaded by the man behind ChatGPT.
Many tech entrepreneurs have long suggested that guaranteed income could cushion job losses from artificial intelligence and automation. The latest and largest study of the idea was spearheaded by Sam Altman, the man behind ChatGPT.
There were a thousand different needs, she says, and only cash could meet them all. Rhodes says this study, like the many others, finds people mostly spent the extra money on basics: food, transportation, rent. For example, the study found that the extra cash allowed one woman to take a pay cut for a job with room to advance, and she now makes close to six figures. But that jump in job quality was rare.
The OpenResearch team plans more analysis on where people moved during the study — the most common reason participants gave for moving was to be in a better school district — and the impact that the cash had on children's educational outcomes.
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