The article discusses the preliminary findings of a basic income study conducted by Sam Altman, the CEO of OpenAI. The study provided $1,000 per month to 600 participants in two U.S. states for two years. Early results indicate that the basic income payments enabled more people to start their own businesses. Specifically, 25% of recipients started their own business, compared to just 5% in the control group. Altman believes this suggests that a basic income could foster more entrepreneurship by providing a financial cushion for people to take risks. The study also found that basic income recipients reported better mental health and reduced financial stress. However, the article notes that the study’s sample size is relatively small, and more research is needed to draw broader conclusions. Altman plans to release the full study results in 2024.
Source: https://www.businessinsider.com/sam-altman-basic-income-study-results-starting-a-business-2024-7