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In the largest U.S. universal basic income study, backed by OpenAI's Sam Altman, researchers reveal what happens when you give people money.

Here’s what happened when Americans received $1,000 a month in 3-year study

Headshot of Simone Del Rosario

Simone Del Rosario

Business Correspondent

Years ago, OpenAI CEO Sam Altman set out to discover what would happen if people were given cash every month with no strings attached. This week, the results are in from the largest universal basic income study in the U.S., though how it went depends on how one interprets the findings. Right-leaning Reason writes, “Bad News for Universal Basic Income: Researchers found that giving people $1,000 every month for three years resulted in decreased productivity and earnings, and more leisure time.” Center-rated The Register writes, “Sam Altman’s basic income experiment finds that money can indeed buy happiness: But not necessarily…

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