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OpenAI CEO Sam Altman's Quiet Experiment With Universal Basic Income

Background

In 2019, OpenAI CEO Sam Altman quietly launched a pilot program to provide a universal basic income (UBI) to residents of Stockton, California.

The program, which was funded by Altman's personal wealth, gave 125 randomly selected residents $500 per month for two years.

The goal of the program was to study the effects of UBI on poverty, employment, and well-being.

Results

The results of the Stockton UBI experiment were mixed.

On the one hand, the program did not lead to a significant increase in employment.

On the other hand, the program did lead to a decrease in poverty and improved mental health.

Implications

The Stockton UBI experiment is one of the first large-scale studies of the effects of UBI.

While the results of the experiment were mixed, they do suggest that UBI could be a viable way to reduce poverty and improve well-being.

More research is needed to determine the long-term effects of UBI.

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