⚡️🇺🇸 SILICON VALLEY'S $12M EXPERIMENT: "BASIC INCOME ISN'T THE MAGIC FIX"
A major study backed by OpenAI CEO Sam Altman gave $1,000/month to 1,000 low-income participants for three years to explore the impact of unconditional cash payments.
Recipients spent it on basics like rent and food, while actually staying more committed to work.
While stress levels dropped in year one, the benefits started fading after that.
Lead researcher Elizabeth Rhodes:
"Poverty and economic insecurity are incredibly difficult problems to solve.
The findings that we've had thus far are quite nuanced."
The study continues to report findings, with new data challenging criticisms that universal basic income reduces work motivation.
